- Instaffo, a C3 Venture Capital portfolio company, is revolutionizing the recruiting market in the highly sought-after tech and sales sector with its talent-focused platform.
- Instaffo’s innovative matching and AI technologies triple the success rate in filling vacancies.
- With 10 million euros received from Crosslantic Capital, Instaffo is strengthening its role as an innovation leader in the recruitment market. The investment will go towards the further development of the platform, growth in existing sectors and establishing new ones.
HEIDELBERG, 19 March 2024 – Companies in Germany are facing a paradox: on the one hand, they are having to cut both budgets and jobs due to current economic turmoil. On the other hand, according to the German Chamber of Industry and Commerce, almost two thirds of companies are struggling to find qualified talent – especially in the tech and sales sectors. To remain competitive, companies are therefore rethinking their recruiting strategies and looking for efficient and innovative solutions.
Instaffo is successfully leading the way: The Heidelberg-based scale-up is revolutionizing the recruitment industry with a job platform that radically simplifies the application process for skilled workers. Just as Airbnb permanently changed the way we travel by offering an effortless booking experience, Instaffo is setting new standards with a positive recruiting experience for talented people. Thanks to AI-supported match-making and transparent job profiles, talent can discover jobs that perfectly match their requirements. The ability to make direct contact also makes it easier for candidates to engage and connect with companies without the usual application effort.
This talent-first approach offers companies an invaluable advantage: Over 1,800 companies are filling their open positions in the tech and sales sectors with Instaffo in record time, taking less than 25 days – at significantly lower costs compared to headhunters, social recruiting, or internal active sourcing. This makes Instaffo three times more effective than traditional job portals or other recruiting methods.
Investment from Crosslantic Capital promotes innovation leadership
Despite an ongoing cooldown across the tech sector last year, Instaffo grew exceptionally well across KPIs, also in comparison to its competitors. The private equity fund Crosslantic Capital from Düsseldorf recognized the company’s ground-breaking potential and is now supporting the company with an investment of 10 million euros. “Instaffo marks a decisive turning point for the recruiting market,” explains Philipp Meixner, Partner at Crosslantic Capital. “We firmly believe in Instaffo’s innovative power and ability to permanently change the entire recruiting industry and expand its leading role to new segments.”
CEO and co-founder Christoph Zöller also sees a large opportunity: “I am extremely proud of how our team has excelled in this market phase and significantly driven Instaffo’s growth,” he says. “With the help of the funding, we are now a good deal closer to realizing our vision of becoming the central point of contact for recruiting specialists and managers in Europe.” The cash injection will be channeled directly into the further development of the platform, the expansion of the existing tech and sales job areas and the development of new talent segments such as marketing, consulting, and finance, which together will consolidate and expand Instaffo’s position as a pioneer in the recruitment market.
A head start via innovation: the game changer for talent acquisition
Instaffo sets itself apart from the competition with the high quality of its matches. Automated “match-making” efficiently brings talents and companies together based on criteria such as salary expectations, location, skills, language skills and industry experience. Transparent, clear profiles make it easier for both sides to immediately recognize whether their ideas match, which simplifies the search for suitable positions and significantly increases talent engagement. As a result, companies receive numerous suitable applications within 48 hours. Companies can also invite talents to chat directly with just one click. Job seekers can speak directly with the person responsible for the job and immediately compare expectations. As a result, it is clear before the first interview whether there is a suitable fit, which saves both sides a significant amount of time and effort.
With this innovative approach, Instaffo has already won over 1,800 well-known customers such as RTL, GLS, OTTO, Hornbach and E.ON, as well as growth start-ups and scale-ups such as deeploi and sevDesk, which are both hiring via the job platform. Instaffo has further established itself as one of the top-rated recruiting platforms on the Internet with an average 4.8 stars on Google, TrustPilot and OMR Reviews. Its success is also reflected in its annual turnover, which rose sharply by over 65% last year.
About Instaffo
Since its launch in 2017, Instaffo, based in Heidelberg and with a dedicated team of over 80 employees, has established itself as one of the leading recruiting platforms in the tech and sales sectors. Founded by Christoph Zöller (CEO) and Nikolai Gulatz (CTO), Instaffo’s mission is to build a bridge between talents and companies so that people can reach their full potential – quickly, transparently, and purposefully. The vision: to become the leading job platform for knowledge workers throughout Europe within the next ten years.
About Crosslantic Capital
Crosslantic Capital is a private equity investor specializing in supporting technology companies with an annual turnover of at least EUR 10 million. With investments of up to EUR 50 million, Crosslantic aims to significantly increase the value of its portfolio companies, particularly in the software and B2B services sectors. This strategy enables Crosslantic to financially support innovative companies on their path to market leadership and growth.
About C3 Venture Capital
C3 Venture Capital is a venture capital firm that invests in exceptional blockchain technology companies worldwide. C3’s mission is to accelerate the growth, development and adoption of blockchain-based business models. The C3 Tech VC fund focuses on early and growth stage technology companies and typically takes a minority stake. C3 operates globally and is based in Frankfurt, Germany.
