TCV has taken a minority stake but has not disclosed any figures. TCV general partners John Doran and David Yuan have joined The Pracuj Group’s supervisory board. Prucaj “shows incredible potential for further growth and international development,” said Doran.
The Pracuj Group operates a number of online job recruitment portals such as Pracuj.pl, eRecruiter; Rabota.ua, and emplo.com. According to the company, 40,000 businesses use its sites annually.
The investment from TCV will aid the company’s development of SaaS solutions in the future, said Pracuj president Przemysław Gacek.
“TCV is a perfect fit since they invest in and establish long-term partnerships with technology-driven companies such as ours,” he said.
TCV is an investment firm founded in 1995 that counts Airbnb, Facebook and Vice Media, amongst its portfolio.