Skillvue funding news – Italy-based Skillvue Raises $2.8 Million in Pre-Seed Funding

Orbita Verticale, Ithaca 3, the Spanish fund Kfund (who had previously invested in the unicorn Factorial), and a number of business angels were among those who took part. Better talent allocation, a greater capacity to foresee job market shifts, and an improvement in high-performer retention are all expected outcomes of the investment.

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The World Economic Forum has named the Skills Gap Crisis as one of the greatest obstacles of our time, estimating that it will prevent us from growing our GDP by around $11.5 trillion over the next ten years. In order to meet their needs, the biggest corporations in the world are beginning to react by putting in place a skills-based strategy. But the strategy is fragmented and restricted to discrete fixes. To address the skills gap issue that businesses are facing, Skillvue was established.

Retail, large-scale retail, banking, insurance, and public sector organizations are among the businesses using Skillvue. Among its clients are Acquedotto Pugliese, the Italian bank Credem, and the massive French retailer Carrefour.

Nicolò Mazzocchi, CEO & Co-founder of Skillvue said, “We are making significant strides into a huge problem facing companies. People have been talking about the skills-based approach for recruiting or existing teams and some have taken steps towards this. With Skillvue, we’ve made this front and center to help companies own a scalable approach to ensure they remain relevant in the time to come. With this funding round we will strengthen our team with strategic figures, especially in the AI area, expand our business in Italy, get started on our global expansion, and consolidate our tech stack on three key verticals in our space; recruitment, internal hiring, and talent development,”.

Lorenzo Franzi, Founding Partner IFF said, “Putting skills at the centre of business strategies is now a key element to ensure competitivity both in the short and long term. The data speaks for itself: as stressed by the World Economic Forum the skills crisis is one of the biggest of our time, second only to climate change, for a total cost of about 11.5 trillion dollars. That is why we’re happy to be adding to our portfolio a company such as Skillvue, which caters to this problem by helping companies revolutionise their approach to recruitment, internal mobility, and development thanks to a quick, effective, and scalable skills analysis model”.

Edoardo Ermotti, Founder & General Partner 14Peaks Capital said, “We strongly believe that AI can play a major role in transforming the way HR teams and departments operate, particularly in the realms of recruitment and employee progression. Moreover, the assessment of soft skills is becoming increasingly relevant. Through artificial intelligence, HR departments can now uncover unseen potential at scale in both new candidates and the existing workforce. We are excited to be partnering with Skillvue, as their solution stands at the intersection of these two trends and has already proven to be an enterprise-grade product”.

About Skillvue

Nicolò Mazzocchi and Simone Patera founded Skillvue in Milan in 2021. It helps businesses take a skills-based strategy in workforce development, recruitment, and internal mobility initiatives by providing them with a quick, objective, and scalable means of analyzing the talents of both employees and job prospects. During the hiring process, its cutting-edge technology—which is built on patented AI—conducts asynchronous interviews with candidates to evaluate their abilities and motivation, enabling the quick discovery of high-potential individuals.