Nigerian HR Tech Startup Propel Secures $2.74 Million in Seed Funding to Scale Innovative Community Platform
Berlin-based Nigerian HR-tech startup Propel has secured $2.74 million in seed investment to build ecosystems to power the future of work.
The funding round was led by Amsterdam-based No Such Ventures, with participation from APX (an accelerator by Axel Springer Digital Ventures and Porsche Digital), Golden Egg Check, and Future of Learning Fund.
The startup intends to use the funds raised, to drive the roll-out and adoption of its community-as-a-service platform and drive €1 million in revenue generated for communities by the fourth quarter (Q4) next year.
Speaking on the funds raised, co-founder of Propel Sunkanmi Ola said,
“We realized communities are the building blocks of any tech ecosystem, particularly emerging market ecosystems, but nobody has been building for communities and the distribution layer for the tech talent pipeline had been missing. Most tech communities build their pool and upskill, but the last mile where you convert these talents to jobs is missing and communities struggle in that regard.”
Also commenting, Co-founder and Head of Strategy at Propel, Seun Owolabi said,
“At Propel, we’re championing more responsible and regenerative ways of hiring/building talent pipelines. Rather than deploying opportunistic practices like headhunting or poaching, we participate deeply in ecosystems, using proprietary technology to find the best talent within communities.
“And when we place people in jobs, our revenue is shared with the community they belong to, which is reinvested into programs and initiatives needed to get more people into tech. In summary, Propel is where ambitious companies come to find the talent that is just right for their needs and crowd-solve tech challenges while doing good at the same time.”
Founded in 2020 by Sunkami Ola, Seun Owolabi, and Abel Agoi, Propel is powering tech talent communities and connecting them to the global workforce, thereby tackling the global skills shortage.
Source: www.tekedia.com
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