Successful seed round completed
Press Release: April 25, 2023
In December 2022, bits&birds was able to convince investors and successfully complete a long-planned financing round of 500,000 euros. The creditors include Thorsten Dirks (former CEO of Eurowings and board member of Lufthansa), Juergen Roesger (former board member at E-Plus), and an investor group led by Bremen entrepreneur Thomas Henning.
While other start-ups benefit from external funding before their founding, the innovative recruiting service provider started without external financing. The reason being the generally uncertain outlook at the beginning of the pandemic, which caused a seed round scheduled for early summer 2020 to collapse shortly beforehand.
Although they have so far limited themselves to bootstrapping, the Hamburg-based personnel consultants are nevertheless in a significant growth and expansion phase today, with almost 60 employees at three locations.
The fresh capital will now be used by the young company for personnel expansion, technical expansion, and the launch of a new product. “We are delighted that we are now much closer to our mission of making recruiting more modern and efficient in times of increasing skill shortages. Thanks to the funding, this mission is receiving a significant boost,” states Can Ulusoy, Head of Growth.
bits&birds sees the fact that the financing round was even oversubscribed as a signal of recognition for the company’s development to date and corresponding confidence in its future.
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InterSearch Executive Consultants acquires stake in bits&birds
Press Release: August 20, 2022
InterSearch Executive Consultants, one of the world’s largest executive search consultancies, has become a strategic partner and investor in bits&birds. Since 1985, InterSearch has stood for quality and sustainability in the staffing of specialists and executives at national and international level. In this context, bits&birds not only benefits from decades of experience in the field of executive search, but also from a valuable customer base and an international network of sales partners from over 50 countries.
Thomas Bockholdt, Managing Partner of InterSearch, joins Daniel Stojanovic on the management board of bits&birds, thus creating a perfect fit between the two organizations. Bockholdt contributes twenty years of executive search experience and a nearly one hundred percent staffing success rate.
Co-Founder and Managing Director Daniel Stojanovic comments: “Thomas and I jointly represent the business model: quality and speed – the best of both worlds.”
bits&birds started operating in the second quarter of 2020. Initial feedback has been outstanding, Bockholdt says. The AI-powered approach paired with high-quality consulting has been extremely well received by the market.