Networkme gets €1M for expansion

The Portuguese startup Networkme, which has created a platform to help young people choose the right career to follow and hook up with companies looking for their specific skills match, has just closed a €1 million investment round to expand on the Iberian Peninsular.

The investment was led by the venture capital company Big Sur Ventures with the participation of Bankintur through the Bankinter Innovation Foundation and the managers of venture capital company Demium Newzone, Savvy Capital, Valutia, Verve Capital, as well as other business angels that were not identified.
The expansion also involves the recruitment in Portugal and Spain of at least 10 people and the development of new technology for Networkme’s platform including a ‘recommendation system’ that can match employees to candidates.
Despite the focus on growing the business in these two countries, the company is considering going international to other countries such as the UK, Germany and Brazil.
“This investment round will give a fresh boost to Networkme and its focus on companies and young talent, both in Portugal, a market in which we are growing, and in Spain, where we recently entered the market.”, says Felipe Vieira, CEO and co-founder of Networkme.
The main objective is to increase the number of platform users to 80,000 (students) by the end of the year.