Regional News

Coople nets $21M to expand internationally

By Editor 0 Comments NEWS, Regional News

Coople, the on-demand recruitment platform looking to grow internationally out of Europe, has recently secured  $21 million from a trio of major investors.

Coople was founded in 2009 by Swiss entrepreneur Viktor Calabrò and now claims to operate the largest on-demand staffing platform in the world, with over 310,000 registered users in Switzerland and the UK.

The platform's algorithm instantly matches workers looking for flexible, shift-based work with major clients including the likes of JustEat, Deliveroo, Zara, Swissport, Accor, Intercontinental Hotels, Swisscom, the Royal Automobile Club, Migros, AXA and Zurich Insurance.

The $21 million was raised from One Peak Partners, Goldman Sachs Private Capital and Harbert European Growth Capital, and brings the total amount raised to date to $45 million.

Coople will use the funding to invest further in its product and technology innovation, recruitment and continued expansion in Switzerland and in the UK ahead of further international expansion.

The company currently has 140 full-time employees and offices in Zurich and London.

"I am excited to see Coople embark on its next phase of growth and innovation supported by both new and existing investors in our mission to revolutionise the world of work by providing workers with easy access to high-quality flexible jobs that best suit their life commitments and at the same time offering great on-demand talent to companies across a wide spectrum of sectors," said Calabrò.

Alongside the funding round, Coople has also revealed a number of changes to its senior management team.

Founder Calabrò will become executive chairman and current UK managing director Rinaldo Olivari has been promoted to group chief executive.

Meanwhile, Anthony Vaslin, previously managing director for Switzerland, will take up the position of group chief operating officer.

Rinaldo Olivari added: "The use of technology to automate the staffing industry's value chain and provide superior convenience, choice and efficiency to both workers and companies is driving booming adoption of our solution as demonstrated by our growing success across our markets."

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