Kenyan HR-Tech/Recruitment Startup, Fuzu, Secures USD 3.8 Mn Series A Funding
Kenya-based HR-tech and recruitment startup, Fuzu, has secured Series A funding amounting to USD 3.86 Mn from a number of funders including Sparkmind.vc, Finnfund, Cornerstone Enterprises, Aucfan Incubate, Seedstars International, Kepple Africa Ventures, Barona, plus a group of individual investors.
Fuzu, which last announced a funding round back in 2016 and expanded into Uganda in 2018, will develop the next phase of its recruitment platform, grow its team and further spread its tentacles across Africa with the latest investment.
“We firmly believe that every human being is born with talent and that every organisation wants to maximise their value to their clients. But lack of access to opportunities, support and talent make career builders and organisations fall short of their true potential,” said Fuzu chief executive officer (CEO) Jussi Hinkkanen.
The startup launched in 2015 with the goal of changing the job search and recruitment landscape in Africa. Fuzu is looking to achieve this by providing AI-powered, personalised guidance to individual users, and talent acquisition and data services to organisations.
“We change this by providing access to opportunities and personalised learning and guidance; and by ensuring that organizations can access just the right talent and market data, maximising their chances for success. Our aim is to transform the African job markets and to help people learn and grow throughout their careers,” Hinkkanen emphasized.
Commenting on the development, Vesa Laakso, Sparkmind.vc partner, said, “We are impressed about the Fuzu team and what they have built so far, and we look forward to working with Jussi and his colleagues. Fuzu fits well in our investment focus as a prime example of a digitally distributed, personalized lifelong learning solution that can be made accessible to tens of millions of users,”
In the five years of its existence, Fuzu claims to have become the most popular career development platform in Kenya, and having launched operations in Uganda two years ago, it has more than 7.5 million lifetime users.
Featured Image Courtesy: Fuzu/YouTube