Stockholm-based Hubert has secured €2.5M in a seed funding round. The investment, led by Spintop Ventures, will boost its AI-driven hiring platform.
The recruitment technology company Hubert, which specializes in AI-driven solutions for high-volume hiring, has successfully closed a €2.5 million seed funding round. The financing was led by the Nordic venture capital firm Spintop Ventures.
The round also saw participation from influential figures connected to Bonnier Group, including Jakob Tolleryd, the Chairman of Bonnier Capital; Peder Bonnier, Vice Chairman of Bonnier Group; and Joen Bonnier, a Board Member at Bonnier Capital. This investment marks a significant step for the company as it continues its profitable growth trajectory.
Strategic Investment to Target 400% Growth
According to Hubert, the newly acquired funds are earmarked for accelerating its product roadmap and supporting an ambitious revenue growth target of over 400% for the year 2025. The company plans to achieve this goal while sustaining its current profitability.
Fredrik Östgren, CEO and Co-Founder of Hubert, explained that the new capital is essential for seizing the market opportunity ahead. He emphasized that the company is fundamentally changing how large-scale hiring is conducted, with a core commitment to fairness, transparency, and delivering profitable solutions for its clients.
Spintop Ventures Leads Round with Confidence in Fairness
The lead investor expressed strong confidence in Hubert‘s model. Peter Carlsson, a Partner at Spintop Ventures, stated that Hubert is creating a new global standard for equitable and data-informed hiring. Carlsson elaborated that the positive outcomes of AI-powered interviews are well-documented, and he views Hubert’s explainable AI as having all the necessary ingredients to emerge as a category leader. He added that his firm is thrilled to support Hubert‘s mission.
Transforming High-Volume Hiring with Proprietary AI
Hubert‘s platform addresses a major challenge for talent acquisition teams: efficiently screening a large volume of candidates. Its proprietary technology automates structured interviews 24/7, enabling a more consistent and fair evaluation process. The technology yields significant efficiencies, cutting recruiter screening time by up to 80% and enhancing hire quality by as much as 5x.
The platform is already trusted by major employers in sectors like retail, logistics, and hospitality, with clients including Securitas, Coop, and ManpowerGroup. By providing personalized feedback to every applicant, Hubert also maintains a high candidate experience rating of 9 out of 10, demonstrating its human-centric approach to automation.
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