Staffing platform Coople raises $21m in growth funding
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Coople, the largest on-demand staffing platform in Europe, announced that it has raised additional $21 million from One Peak Partners, Goldman Sachs Private Capital and Harbert European Growth Capital. The new capital will be used to fund further investment into Coople’s product and technology innovation, recruitment and continued expansion in Switzerland and in the UK ahead of further international expansion.
Coople started 2009 as Staff Finder and has now raised $45 million to date following investment from One Peak Partners, Goldman Sachs Private Capital, Rothschild Paris Orléans and angel investors. “Venturelab made a significant contribution to the success of Coople,” says founder Viktor Calabrò. “In the innovative workshops and trainings, I was able to discuss and improve my very early business idea with like-minded people and accelerate our growth.” Viktor participated in the international business roadshow program Venture Leaders 2012 and Coople was awarded three years in a row with the TOP 100 Swiss Startup Award. Today, Viktor shares his lessons learnt also with young startup founders in the Innosuisse Start-up Training workshops.Disrupting a $400+ billion industry
Coople has been the front-runner in disrupting the $400+ billion staffing industry since its launch, building a unique platform and algorithm that matches workers looking for flexible jobs with companies looking for staff on short notice. Coople’s platform also provides end-to-end automation of the value chain, from planning, recruiting, onboarding and hiring, to workforce management, payroll processing and payments, allowing companies to dramatically reduce the amount of time and cost spent on HR administration tasks.Coople has over 310,000 registered workers and over 14,000 registered businesses and currently operates in both Switzerland, where it has a leading market position, and in the UK, where it has been operating for two years delivering high-triple digit compounded annual growth rates. Coople works with large blue-chip clients including Deliveroo, ZfV, Inditex, Intercontinental Hotels, Four Seasons Hotels & Resorts and provides workers for the Silverstone Formula 1 Grand Prix, Coldplay concerts, NFL matches at Wembley stadium and many more high-profile events.
New role for founder Viktor Calabrò
In addition to the funding round, Coople is announcing the appointment of Viktor Calabrò, Coople’s founder, as Executive Chairman with a focus on innovation and thought leadership, as well as the promotion of Rinaldo Olivari, previously Managing Director for the UK, to Group Chief Executive Officer and of Anthony Vaslin, previously Managing Director for Switzerland, to Group Chief Operating Officer.“I am excited to see Coople embark on its next phase of growth and innovation supported by both new and existing investors in our mission to revolutionize the world of work by providing workers with easy access to high-quality flexible jobs that best suit their life commitments and at the same time offering great on-demand talent to companies across a wide spectrum of sectors” says Viktor Calabrò, now Executive Chairman of Coople.