BayBG invests in law career platform TalentRocket
Munich — TalentRocket GmbH, operator of a digital career platform for legal professions, has gained an additional investor in BayBG Bayerische Beteiligungsgesellschaft. The Munich-based IT company will use the capital to set up a new division for additional highly qualified professional groups, as well as to expand increasingly into Austria and Switzerland.
TalentRocket is the leading career platform for lawyers in Germany. It is aimed at lawyers at all levels of education, from students to lawyers with professional experience. 3,000 employers — law firms, entrepreneurs, administration — are currently listed. On the other hand, with 175,000 users per month, the company has a high reach among the target group of lawyers. With an intelligent matching algorithm, which is continuously being developed, the two sides are brought together in a targeted manner.
In addition to well-known major companies and large law firms — for example Freshfields, Linklaters, Audi and PWC — numerous medium-sized companies and law firms also use the platform as an efficient recruiting channel to fill their legal vacancies. From three-person law firms to leading international business law firms, over 170 clients trust TalentRocket.
“The business model and technology are mature and successful. It is therefore logical and consistent to extend the concept to other highly qualified and specialized professional groups. We are convinced that the implementation of the platform for other verticals will be successful, as will the international expansion steps,” says BayBG investment manager Alexander Ullmann, explaining BayBG’s commitment: “The platform, which was launched in its current form in 2014, has established itself within a few years and is impressing with rapid revenue growth.”
TalentRocket’s management is also satisfied. Yacine Coco (photo left), founder and CEO of TalentRocket: “With BayBG, we have found a renowned and future-oriented venture capital partner who, with its investment, brings the financial resources for our product expansion and internationalization into the company.” TalentRocket CEO Sebastian von Glahn (photo right) adds: “The investment comes at a time when we have gained extreme momentum. It will be very valuable for our expansion plans.”
BayBG Bayerische Beteiligungsgesellschaft mbH is one of the largest providers of equity capital for Bavarian small and medium-sized enterprises. It currently has commitments of more than 300 million euros to around 500 Bavarian companies. With its venture capital and equity investments, it enables small and medium-sized companies to implement innovation and growth projects, arrange for company succession or optimize their capital structure.
TalentRocket is the leading career platform for lawyers. More than 175,000 users surf the company’s pages every month. TalentRocket is aimed at lawyers with and without professional experience as well as other law graduates. TalentRocket was founded by Yacine Coco and Magdalena Oehl. The platform in its current form has been around since 2014.