Spott Raises €18.3 Mn Series A to Transform Recruitment With AI

The funding round was led by Balderton Capital, with additional investment from Base10 Partners, Y Combinator and Fortino.

Spott provides an AI-powered applicant tracking system (ATS) and customer relationship management (CRM) platform for recruitment agencies. Its software helps agencies manage candidates, clients and the hiring process in one place.

“Lander, Manu and Samuel understood this overlooked problem because they had seen its operational and commercial impact first-hand. They have combined that insight with the technical ambition to rebuild recruitment’s core infrastructure and the speed at which customers are adopting Spott shows they have built the solution this market has been waiting for,” said Phil Chambers, Partner at Balderton Capital.

“During our work with recruitment businesses, we saw firms under intense pressure to cut costs and make more placements, while their recruiters lost hours moving information between outdated systems. Recruitment succeeds through trust and human judgement. Spott gives agencies control of their data and puts AI to work around their recruiters, freeing them to deepen relationships with candidates and clients,” said Degreve, co-founder and CEO of Spott.

Spott was founded in 2024 by Lander Degreve, Manu Vanderveeren and Samuel Smeys. The three founders previously worked with recruitment companies while at McKinsey, Bain and BCG.

Through this work, they saw that many recruitment businesses were ready to adopt new technology but were still relying on old and disconnected software. This experience led them to create Spott.

The company believes recruiters spend only about 20% of their time on human decision-making, while the rest is spent on administrative work and finding candidates. Spott uses AI to handle many of these tasks, while recruiters remain responsible for making the final hiring decisions.