This round of funding will accelerate TechWolf’s vision to make all work skills-based.
TechWolf, a leading Belgian AI company, is proud to announce the successful closure of a 42.75 million dollar Series B funding round.
TechWolf provides API-first Skill infrastructure for large company CHROs who are dissatisfied with their ability to make data-driven people decisions, despite investing in a myriad of talent applications. TechWolf’s advanced AI creates high-quality skill profiles by leveraging data from systems where employees do their work, unlike traditional applications that are only using limited and siloed HR data. Notable customers include GSK, HSBC, bp, United Airlines, MetLife, Synopsys, IQVIA, KBC, Booking.com and KLM.
The round was led by Felix Capital with participation from 20VC, Acadian Ventures, Fortino Capital Partners, Notion Capital, PMV, SAP, SemperVirens, ServiceNow Ventures, Stride.VC, Workday Ventures and notable AI leaders from Deepmind and Meta.
TechWolf is especially proud to bring together three world-class enterprise software companies — SAP, ServiceNow, and Workday — to invest in its vision.
“At Felix Capital, we have devoted significant resources to exploring the impact of AI on HR, influenced by the steady innovation from European AI startups”, said Julien Codorniou, Partner at Felix Capital, who will join the board. “We have been particularly impressed by TechWolf's capability to transform its clients into fully-fledged 'skills-based organisations'. This transformation promotes flexibility, fuels innovation, and boosts employee engagement, ultimately optimising talent utilisation and fostering continuous learning.
TechWolf has experienced 12x revenue growth since its last funding two years ago and will use the new funds to expand its presence in the US and invest further in AI development. The company plans to open its first US office in New York City in September 2024, led by founder Mikaël Wornoo, who will relocate with a team of five employees. With more than 50 percent of its pipeline already in the US, TechWolf has recently signed prominent clients such as United Airlines, MetLife, IQVIA and Synopsys.
Andreas De Neve (CEO), Mikaël Wornoo, Jeroen Van Hautte
