Barcelona-based Hosco raises €5.4 million to connect the hospitality industry
According to the startup, 40% to 85% of 5-star hotels in key destinations such as Paris, London, Geneva, Barcelona, and Dubai are already using Hosco’s recruitment solution.
Hosco helps first-class hotels find the best talent through partnerships with hospitality schools across all the globe. The startup also works with hospitality schools to provide career and alumni management solutions, giving them access to international employment opportunities, connections, and industry insights.
Based in Barcelona and with offices in Geneva and Dubai, Hosco was founded by Olivier Bracard and Carl Julien in 2011 with the vision to empower the hospitality industry by uniting its professionals, employers, and educational centers in one global network.
The startup’s hospitality network now connects over 350,000 professionals, 250 schools and universities, and 4,500 employers around the world. And according to the startup, 40% to 85% of 5-star hotels in key destinations such as Paris, London, Geneva, Barcelona, and Dubai are already using Hosco’s recruitment solution.
The startup has just raised €5.4 million in a funding round led by pan-European VC Nauta Capital, along with existing investor Athos Capital, and business angels. It brings Hosco’s total known funding to $12.2 million, according to Crunchbase.
The investment will be used to accelerate Hosco’s growth, with plans to expand its global reach, strengthen its product offering, and triple its team within the next two years.
Olivier Bracard, Hosco’s co-founder and CEO, said: “Hospitality is one of the largest and fastest growing industries on earth. However, it’s also one of the most fragmented sectors and is currently suffering from a significant talent shortage. Through our innovative technology, tailored content, and service we are not only consolidating the industry, but we are also helping each stakeholder to accomplish their objectives. We are committed to making a significant impact on the lives of hospitality professionals, business ventures, and the industry as a whole.”
Recruiting is hard. That’s why so many startups, including ZipRecruiter, have hopped into the space. However, while many of those companies, like Hired, have focused on developing technology to making sourcing easier, Hosco is taking a rather traditional, Linkedin-like approach. Maybe keeping that focus will be its winning ticket.
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