French-founded HR tech company Talentsoft has raised $50 million in a funding round led by Francisco Partners, with participation from Bpifrance and Goldman Sachs. The company plans to use the funding to accelerate its international expansion.
Founded in 2007, Talentsoft currently employs 600 employees and expects its revenues to reach $100 million “in a near future.” Its cloud-based HR software is available in 27 languages and used by 2,000 customers across 130 countries, the company stated in a press release.
Talentsoft has also announced a pivot from a SaaS model to an iPaaS model (Integrated Platform as a Service). This basically means that its software offering is set to become more of a platform open to external applications.
This round brings the total amount raised by Talentsoft to almost €90 million and comes more than three years after the previous capital injection of €25 million.