JDN: Clustree attracts Alven, Niel, Blanc, and Montagnon and raises 600,000 euros
Clustree attracts Alven, Niel, Montagnon The startup publishes a talent management solution dedicated to internal mobility, meant for large companies.
The French startup Clustree recently completed its first round of fundraising with 600,000 euros from several renowned business angels, including Xavier Niel, Frédéric Montagnon, and Jean-David Blanc, as well as the investment funds of Alven Capital. The funds will accelerate the development of the solution for corporate HR to help internal employees evolve. Funds will be also invested in marketing, to enter the big company market faster, and bring the startup’s number of employees to twelve.
Bénédicte de Raphélis Soissan, CEO of Clustree © S. de P. Clustree
The idea was conceived in Bénédicte de Raphélis Soissan’s mind. Coming from a consultanacy position and wanting to diversify, she analyzed 300 to 400 professional profiles similar to her own, to determine which sectors she could evolve in. Then the idea came to her: a tool for big companies and their employees, which streamlines the process. Clustree noticed two things, explains the CEO: "In big companies, talents are lost internally, because their paths don’t necessarily evolve in a way that motivates them. And recruiting externally, because we think we don’t have the right person for the job internally, is expensive."
20 clients by 2015
The Clustree SaaS tool analyzes millions of professional career paths of executives and engineers worldwide, and an algorithm offers HR matches between a position to be filled and internal talent. "This allows us to lower recruiting costs, and also to give power back to the employee,” explains Bénédicte de Raphélis Soissan. “Through an interface that is dedicated to the employee, they can see how their career might evolve. We analyze their whole profile: their career path, their skills, their desire for mobility, their interests... Clustree thinks in terms of potential, not just skills." Before concluding: "Big businesses need to strengthen fluidity and mobility between their various jobs." Raffi Kamber, Investment Director at Alven Capital, was attracted by the concept: "Clustree innovates by allowing HR to start using their data, while continuing to work with their usual management software."
Clustree, whose annual billing is based on the number of employees in the company, hopes to have 20 customers by 2015. And the startup, which joined the Parisian Accelerator The Family in February, is already thinking about going international: "In time, our strategy will move to our clients’ subsidiaries, which are large international companies," analyzes Bénédicte de Raphélis Soissan.