AI-based HR tool Clustree raises €7 million in Series A funding

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Clustree, a HR tech startup, has raised €7 million in fresh funding. The Series A round was led by Creandum with participation from Idinvest Partners and Alven Capital.

The Paris-based startup claims its AI tool removes human biases and stereotyping when examining HR data for recruiting and retaining employees.

“Stereotypes are fast to build but take a long time to erode - that is why they exist. Clustree is here to switch that,” said Clustree CEO Bénédicte de Raphélis Soissan.

“Through the use of our AI, we empower our clients in the global war for talent, to recruit and grow employees with continuous, tailormade and employee-centric careers that really surface the dormant potential within people, and maximize HR efficiency,” she added.

Clustree’s AI learns from three data sets: external HR data, internal client HR data, and feedback from employees and HR departments.

The company plans to invest the funds in developing its engineering, product, sales, and marketing teams. It is eyeing international expansion. It currently has clients in 30 countries, including Orange, L’Oréal, and French national rail network SNCF. It saw 230% revenue growth in 2016, the company added.

“Human resources remains a massive market that is has not largely been disrupted by technology,” said Carl Fritjofsson, principal at Creandum, who will be joining Clustree’s board. “Retaining and developing talent is big priority for any organization, and with the development of artificial intelligence we now see a new generation of technology solutions developing to serve this.”

Idinvest investment director Guillaume Durao will also be joining the board. Applying data-driven solutions to HR was “especially appealing to us as investors” he commented.

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