Jet HR closes a €12 million spherical | EUROtoday

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A 12 months after its market entry, Jet HR – the startup based by Marco Ogliengo and Francesco Scalambrino to chop down on paperwork associated to work and worker administration – attracts new investments with a seed spherical of 12 million euros, bringing the full assortment to 16.7 million.

Acting as lead investor is the worldwide Venture Capital agency Picus Capital which, additionally because of the expertise gained as an investor in different corporations working in the identical section, and which have already turn out to be unicorns, brings to Jet HR each capital and know-how and networking.

“We see tremendous potential in AI-driven automation to transform the €4 billion+ payroll market in Italy, given the current reliance on highly service-oriented solutions. We are excited to continue supporting Jet HR as they pioneer AI-driven payroll solutions,” stated Robin Godenrath, Founding Partner & Managing Director of Picus Capital.

Existing traders, Exor Ventures and Italian Founders Fund (IFF), are taking part within the spherical by growing their stake and are additionally investing additional in names which might be very related to the trade and the target of Jet HR: akin to Diego Piacentini, an necessary profession in Big Tech and former Commissioner for the Digital Agenda in Italy; David Clarke, former CTO of the most important HR firm on the earth, Workday; Tony Jamous, founding father of Oyster HR (a unicorn that provides payroll companies); and Felix Blossier, founding father of the French accounting unicorn Pennylane. Names that be part of these of the most important industrial households akin to Benetton, Berlusconi and Moratti – who entered with their very own funding automobiles – and who gathered round Jet HR within the pre-seed spherical.

The capital enhance will help the expansion of the workforce, which right this moment counts 70 workers, in addition to for the event of the platform, which has instantly positioned itself among the many 10% of the quickest rising Saas (Software as a Service) on the earth (supply ChartMogul SaaS Growth Report).