Investment thesis
Martin Kalata, CFO
Kareer is working on a proactive hiring platform targeting young professionals where will be innovating the hiring process and disrupting the current recruitment market.
The main goal of Kareer is provides a hiring and retention platform to support young professionals in enhancing their profile to potential new employers by analysing their soft skills, building their online presence, supporting the interview process and providing intelligent job matching. Additionally, the Kareer platform will also explore and select potential career paths and produce a personal career planner to meet career goals. Companies can use the platform to hire new talent where Kareer decreases their risk of a bad hire by providing greater insight about the candidates. Companies also have the opportunity to build their brand awareness to students through online campaigns.
The recruiting industry is undergoing a swift change towards specific zoom-in and towards a generation that has been synced with technological trends and globalization. All this is accelerated via digitalization and automation. The new generation is inclined towards trends such as work-life balance, freelancing opportunities while globetrotting – seeing work as a means for self-expression. Part-time jobs are increasingly popular. As automation and AI advance, it will become critical for people to attain and foster a different skill-set – such as creativity, cooperation, critical thinking. Proper setup of teams within companies requires identifying the right people based on their competencies and personalities. Large companies do not have the time to micromanage and high level of automation is required. Data collection and data analysis will be the key drivers. The current status of corporate real estate industry is a fine example. The concept pioneered by WeWork, followed in troves by other coworking spaces, changed how new office spaces are built. This will further trickle down to recruitment agencies, job portals, recruitment software etc. Sites such as Jobs.cz represented the first wave of digitalization. Other platforms emphasizing the social and educational element followed suit (e.g. LinkedIn), all along the lines supply – demand. However, the current development indicates that this has been reversed, demand – supply, focusing on the employee. Kareer, backed by a great team, could play a pivotal role in this.
Date of investment October 2019
Michal Ciffra, Partner
The company Grouport Ventures, a.s., ID No. 07893221, with its registered seat at Plynární 1617/10, Holešovice, 170 00 Prague 7, incorporated in the Commercial Register maintained by the Municipal Court in Prague, Section B, Insert 24209 (hereinafter the “Company”) provides asset management comparable with management pursuant to section 15 of Act No. 240/2013 Coll., On Investment Companies and Investment Funds, as amended (hereinafter referred to as “ZISIF”). The Company is registered in the register maintained by the Czech National Bank pursuant to section 596 f) ZISIF as a person managing assets pursuant to section 15 para. 1 of the ZISIF. The Czech National Bank does not supervise persons registered in this register and their activities are not subject to supervision by the Czech National Bank. The Company has a reporting obligation in accordance with EU Regulation No. 231/2013 supplementing the European Parliament Directive 2011/61/EU AIFMD. This website is for informational purposes only. The purpose of the website is not an offer or invitation to entrust funds to the Company's management or offer to buy or sell any investment instrument pursuant to ZISIF or Act No. 256/2004 Coll., On Capital Market Undertakings, as amended.
