Sqore, which specializes in recruitment competitions for young talent, has raised $3.5 million from Northzone, early backers of Spotify, Avito, and iZettle. The investment has been made from Northzone’s Fund VII, which closed at $325 million in December 2014.
The raised funding will allow Sqore to focus on product development and to invest in a dedicated sales unit, further consolidating its position as an international leader in the online recruitment space. Sqore is making its platform, the tool of choice for employers who wish to reach the best talent available globally, and will take competition-based recruitment to the mass market.
Founded in 2013, Sweden-based Sqore is connecting talented young people from across the world with opportunities that might otherwise be out of reach. It offers a platform that allows universities and organizations to create online challenges and competitions that test relevant and applicable skills. The company claims to have a distribution network of over 15 million students in more than 190 countries. Sqore’s clients include IBM, Shell, IKEA, Morgan Stanley, KPMG, The Economist Group, and Bertelsmann, and with over 400,000 members and more than 2,000 university partners lined up to promote the platform.
Founded in 1996, Northzone has to date raised seven funds and invested in some 100 technology-enabled companies. The current portfolio includes companies such as Spotify, Avito.ru, Trustpilot, MarketInvoice, and SpaceApe.