Welcome to the Jungle, raises € 7 million to fuel its growth and expand in Europe
Clipperton acted as sole financial advisor to Welcome to the Jungle.
- XAnge Private Equity is leading this €7 million acceleration round, with the participation of BPI France, Kima Ventures, as well as existing investors.
- Welcome to the Jungle will use the funds to accelerate commercialization in France, enhance product curation for candidates, and start international expansion in Europe.
Paris – May 18, 2018 – Leading European corporate finance boutique Clipperton is proud to announce it acted as sole financial advisor to Welcome to the Jungle, the first recruitment and employer branding solution that helps corporates connect with the new work generation through a digital media and software platform, in a € 7 million financing round with the entry of XAnge Private Equity, Bpifrance (Fonds Ambition Numérique) and Kima Ventures. Historical shareholders – Jean-Paul Guisset and Michael Benabou – also participated in the round.
Founded in 2015, Welcome to the Jungle has become one of the leading employment platforms for young talents. Thanks to a modern UI and premium exclusive content on work-related matters and recruiting companies, WTTJ.co attracts more than 600,000 candidates every month.
Welcome to the Jungle already convinced 1,000 companies, providing them with a compelling subscription-based solution to promote their Employer Brand with a dedicated space on WTTJ.co where they can share their values, culture and job openings. WTTJ also enables recruiters to streamline hiring process internally through Welcome Kit, its in-house built SaaS-based ATS (Applicant Tracking System).
WTTJ addresses a broad range of companies, from tech start-ups in order to build awareness for their next key hires, to large corporates (LVMH, Saint-Gobain, MyLittleParis, LeBonCoin, BNP, Wavestone, AccorHotels) that need to communicate to the new work generation.
The funds raised with will help WTTJ enhance the product especially on the candidate’s side, further address larger corporates by building a dedicated sales team, as well as replicate the model in strategic big cities in Europe, taking advantage of existing customers operations abroad.
Jérémy Clédat, co-founder and CEO of the company, explains “Since we created WTTJ, we reinvented job seeking with a media angle, by providing candidates with premium content and experience. This new round validates our market vision and will allow us to further invest in our platform and content, and to accelerate Welcome to the Jungle’s deployment in France and abroad »
For more information, please contact:
- Thibaut Revel, Managing Partner, trevel@clipperton.net
- Caroline Landré, Director, clandre@clipperton.net
- Justine Meunier, Associate, jmeunier@clipperton.net
About Clipperton
Clipperton is a European independent corporate finance advisory firm exclusively dedicated to the Technology space, advising high growth companies on M&A transactions, debt financings and equity offerings. With offices in London, Berlin, and Paris and an international reach, Clipperton is a European leader in Technology financial advisory. Over the past 15 years, the team has successfully completed more than 150 high profile transactions globally. For more information, visit www.clipperton.net