CareerFairy AG, an ETH Zurich spinoff providing an interactive live-streaming platform that brings companies and students together, has completed a new investment round, led by the leading European media group, Mediahuis Marketplaces. The funding will accelerate the startup’s international expansion and developing new features.
CareerFairy guides students in their research of the labor market and brings them in contact with companies that best match their education, interests and way-of-life. The startup hosts virtual career events, where companies offer young talent an authentic view of daily life in their company, present their latest projects and share their working culture. Besides boosting the companies' employer branding and connecting students early on, CareerFairy also offers an easy in-stream application process, helping companies recruit the otherwise hard-to-reach mass of young graduates.
Since establishment in 2019, the startup has grown to 25 employees in Zurich, Berlin, Utrecht and Lisbon. It has also attracted 200 paying customers, including companies such as KPMG, Beiersdorf, L’Oréal and BMW. To support the growing demand and support students’s and companies’ needs to source internationally, CareerFairy’s co-founders, Thomas Schulz and Maximilian Voss plan to expand their solution to other DACH and Benelux regions.
The funds from its newly closed financing round will support these ambitions. Alongside Mediahuis, existing investors Swiss Post Ventures, Backbone Ventures, as well as business angels from SICITIC, Start Angels and Business Angels Switzerland also jined the round.
Patrick De Wachter, Business Development Director Mediahuis Marketplaces: “Companies look for the best candidates, and we believe they will be searching more and more internationally to find them. On the other hand, we realize that the younger generation uses modern communication channels focused on video, which they also expect to use in their professional context. CareerFairy brings all of this together by offering a modern way of communicating with a hard-to-reach target group, more open to relocate. The strong team at CareerFairy has shown that they have found the way to enter this market and boost traction. We are excited to become part of their future growth and will use our expertise to support them in that journey.”
Thomas Schulz, CEO and co-founder of CareerFairy: “With Mediahuis, we’re excited to have found a long-term partner that shares our mission of guiding generations of future talent towards fulfilling career opportunities. Mediahuis’ strong footprint and experience in the recruitment market will be a valuable asset as we continue to scale our international presence.”
(Press release/RAN)
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