Mediahuis Ventures, the venture capital firm of European media group Mediahuis, is investing in Berlin-based startup HiPeople. Together with investment partners Moonfire, Capnamic Ventures and Cherry Ventures, $2.7 million is being injected to support HiPeople’s further growth plans. Media House is leading the investment round.
HiPeople, founded in Berlin in 2019, automatically collects, analyses, and visualizes all critical data on a company’s candidates and recruiting process, in one single platform, creating a seamless experience for the recruiter as well as the candidate who interacts with HiPeople’s platform. HiPeople’s Hiring Intelligence Platform enables recruiting teams across the globe with in-depth pre-employment data on their candidates. This ranges from candidate assessments such as skills, personality, cognitive ability, and culture fit, and also includes data from reference and background checks, candidate experience feedback, and quality of hire analytics.
As a result, HiPeople’s users on average have 3x more data on their candidates and recruiting process, and improve their time to hire by 50%. Companies using HiPeople not only see the efficiency of their recruitment process improve but also the quality of recruitment increase, which translates into a 40% lower attrition rate.
Existing investors Moonfire, Cherry Ventures, and Capnamic participated in the capital round totalling $2.7 million. Mediahuis Ventures, venture capital firm of the international media group Mediahuis, came on board as a new investor and took the lead in this round.
The investment will propel growth for the Berlin-based HR tech, which enables recruiters around the globe to find & hire the best talent using predictive data. In this way, HiPeople aims to fix mis-hiring once and for all.
Mediahuis Ventures, responsible for the development of Mediahuis’ venture capital activities, aims to further broaden the group’s development potential by focusing on new growth markets and business models. In doing so, it looks for markets and activities that are an extension of Mediahuis’ social role. This is also the case for the HR technology market. The capital injection in HiPeople is a first investment in the HR technology market for Mediahuis Ventures and follows previous investments in the Education technology market (Lepaya, Bunch, MySkillCamp, Tomorrow’s Education and Perlego).