Early Career Network hyrd receives million in funding

Early Career Network hyrd receives million in funding
Early Career Network hyrd receives million in funding

The Frankfurt early career network hyrd has closed a seed financing round with a total volume of EUR 1.1 million. BMH Beteiligungs-Managementgesellschaft Hessen mbH and several business angels, including Christoph Maichel (co-founder of Creditshelf AG) and Andreas Burike, one of the leading HR tech investors in Germany, have invested.

hyrd is the career network for students and young professionals, especially from Generation Z. hyrd enables students to network with each other, exchange experiences and knowledge and support each other on their career paths. Furthermore, hyrd creates equal opportunities by supporting students in finding a job and the application process and providing them with the tools they need for their success. hyrd enables students and young professionals to come into contact with companies at an early stage, paving the way for a successful career start.

“There are gifted and motivated students at all universities and colleges in Germany. Our vision at hyrd is to make it easier for young professionals to start their careers while at the same time supporting employers in finding and recruiting a wide range of talents from a wide variety of backgrounds. In this way, we also want to contribute to more transparency and equal opportunities in the job market, where more students have a chance of getting their dream job,” says Benjamin Weller, co-founder of hyrd.

On the part of employers, hyrd supports them in identifying and addressing talent in a targeted manner. The platform offers an AI-based active sourcing system for this purpose, with which potentially suitable candidates can be found in a targeted manner and recruited in a lean process. Furthermore, employers have the opportunity to build up their own lively talent community with suitable candidates and to stay up to date on their career path.

“Until now, recruiting has mostly been seen as an event in which a hiring decision is made at a certain point in time and as a result an often long and complex hiring process begins,” explains Dennis Pfaff, co-founder of hyrd. “We see recruiting more as a process: we help employers to continuously build up a pool of suitable candidates so that we can hire them more quickly and efficiently as needed. In this way, we are able to significantly reduce the time-to-hire in the long term.”

In 2022, hyrd plans to further expand its student and young professionals community in the DACH region and to further roll out its recruiting solution for companies.

Stephan Groß, the responsible investment manager at BMH, says: “The shortage of skilled workers will continue to worsen in the coming years. Employers will have to get involved with new, innovative approaches and technologies in order to identify and address the talents they are looking for in the growing labor market at an early stage. hyrd has positioned itself here with a very convincing platform and is already working successfully with well-known brands. That’s why we’re happy to support the company in its further growth steps.”

More information about hyrd at www.hyrd.de

About BMH Beteiligungs-Managementgesellschaft Hessen mbH

BMH Beteiligungs-Managementgesellschaft Hessen mbH, based in Wiesbaden, was founded in 2001 and is a 100 percent subsidiary of Landesbank Hessen-Thüringen Girozentrale (Helaba). BMH is actively involved in the economic development of the State of Hesse via the Hesse Economic and Infrastructure Bank (WIBank). As a medium-sized investment and venture capital company, BMH bundles public interests and financing instruments for early-stage, growth and medium-sized companies in Hesse. BMH currently manages seven investment funds with a total investment volume of around 125 million euros. Since it was founded, BMH has invested in a total of more than 500 companies. The focus of investments are, among other things, the sectors software & IT, Life sciences, mechanical and plant engineering, industrial goods, professional services and e-commerce. More information about BMH and its funds:www.bmh-hessen.de

Go to Publisher: FrankfurtValley – Medium
Author: Pedro Gonçalo Ferreira