Human resources (HR) technology startup Propel HR secured a €2.5 million ($2.74 million) seed funding round led by Amsterdam-based No Such Ventures, along with APX, Golden Egg Check and Future of Learning Fund.
The company, co-founded by Sunkanmi Ola, Seun Owolabi, and Abel Agoi in 2020, seeks to help communities around the world gain access to top remote talent from emerging markets, with an emphasis on Africa. The founders will use the funding to improve and expand its community-as-a-service platform.
The company's mission is to foster the growth and development of technology and developer communities. Propel aims to revolutionize handling HR processes in these specialized sectors. The Lagos, Nigeria- and Berlin-based firm wants to create talent pools of emerging markets workers who can provide global firms with reliable and proficient work.
Through their comprehensive suite of tools and services, Propel HR empowers organizations to streamline their HR operations, foster collaboration and attract top talent, ultimately propelling the growth of tech and developer communities.
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The African Tech Talent Pool Opportunity
Despite the recent tech industry layoffs and calls among leaders for returns to in-office work, there's still a pressing need for global talent for the open economy. The need is especially great in Europe because of its aging population and a talent shortage that will require pulling skilled workers from other areas, especially tech workers.
Propel HR is offering Africa as a talent solution that can narrow the talent gap and encourage companies to expand and thrive. Africa has the world's youngest average population. It is an emerging tech powerhouse that's building talent pools through online learning education, science, technology, engineering and mathematics (STEM) courses and strong communities that can provide younger generations with quality education.
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Connecting Emerging Market Talent
Propel HR aims to help these tech communities by offering members a platform to help emerging markets residents connect with companies and receive prosperous talent placements. The company's leaders noted correlations between placing local tech talent and communities such as talent incubators, training schools and developer organizations. It shifted some of its focus toward these communities to help them with the "last mile" of getting talented people into rewarding jobs. It functions as a talent pipeline that brings data scientists, coders, developers and others together with diversity-focused companies throughout Europe and other areas.
In addition to jobs, the talent in various tech communities can also use Propel HR to access service provider partners offering workstation setups and healthcare. Future plans include partnering with lending, asset financing and other financial services.
A Visionary Approach to HR Tech
Propel HR's tech solutions streamline the core operational aspects of human resources, enabling organizations to optimize their resources and enhance productivity. Through advanced automation and intelligent workflows, the platform streamlines mundane tasks such as recruitment, onboarding and performance management. This allows HR teams to allocate more time and effort toward strategic initiatives that foster growth and innovation.
Propel integrates powerful tools to facilitate seamless communication and collaboration among team members. Its platform includes features such as real-time messaging, project management and knowledge-sharing repositories, empowering employees to work together efficiently, exchange ideas and create a thriving community of learning.
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