Whoz, a Paris-based resource management platform, announced on Thursday that it has secured €25M in a funding round led by PSG Equity, marking its seventh platform investment in France and its seventeenth in Europe.
Additionally, the company has partnered with PSG to leverage its B2B software expertise and international network to bolster its presence in the French market while expanding into new regions like the United States, Germany, the United Kingdom, and India.
How will the funding be used?
The French company will use the funds to capitalise on the growing digitisation opportunities in the professional services sector and aims to establish itself as a European and international leader in digital staffing and project portfolio management.
Further, the company plans to double its headcount from 50 to 110 people by the end of the year, particularly in the R&D, sales, and marketing teams, as well as the client relationship team.
Jean Philippe Couturier, CEO, and co-founder at Whoz says, “We are proud to welcome PSG as a strategic partner which we believe will accelerate our ambition of becoming a global leader in digital staffing. In our view, their support will be a huge factor in developing our AI technologies, strengthening our offering, and boosting our business development. Our decision to partner with PSG was an easy one. I was immediately impressed by the professionalism of their teams and the financial and human resources that PSG makes available to its portfolio of companies to help them pursue their goals.”
What does Whoz solve?
The market for talent recruitment and retention is extremely competitive and this has been significantly accelerated by the COVID-19 pandemic.
To remain competitive, companies must digitise their internal processes, especially in aligning their available skills and staffing, while also meeting client needs, managing the successful delivery of projects, and retaining their talent. Here’s where Whoz comes into play.
Talent and project management solutions
Founded in 2016 by experienced consulting and IT professionals, Whoz is a SaaS solution delivering smart staffing and talent and project portfolio management for professional services companies and IT departments of large companies.
The company’s solution addresses the entire staffing process, including skills mapping, team building, management planning, and identification of skills gap trends to adjust recruitment and training plans.
Whoz’s solution allows its clients to have a real-time overview of their available talent pool to match the most appropriate talent with the specific needs of projects and/or clients, while also taking into account the talent’s skills and development preferences.
Currently, Whoz’s technologies are implemented in more than 50 countries for large clients, including IT services leaders such as Devoteam, Egis, Open, and Econocom, as well as for large project-based companies like Engie and Thales.
Investor
PSG is a growth equity firm that partners with software and technology-enabled services companies to help them grow, capitalise on strategic opportunities and build strong teams.
Dany Rammal, Managing Director, Head of Europe at PSG says, “In a fast-changing global environment, companies are increasingly turning to professional services companies to support their transformation and digitization journey. In Whoz, we have identified a pioneer with a strong specialization in talent management and staffing for professional services companies who need to identify the most appropriate skills within their teams to meet their clients’ specific and increasingly advanced demands. The solution provided by Whoz is all the more impressive in that it helps enable a significant return on investment for clients, which include leading companies in the French and international markets.”
