Edenred Capital Partners announces the sale of portfolio company LaunchPad to OutMatch. Founded in 2011 by Will Hamilton, Launchpad is a London-based recruitment automation and video interviewing platform that provides end-to-end recruitment automation. The merger with US-based OutMatch will create a first-of-its-kind candidate-driven talent selection platform that marries automation and AI bringing efficiency and data to the hiring process.
Norbert Furnion, managing partner of Edenred Capital and board member of Launchpad since its first investment in 2014, stated: “We are proud to have helped Will Hamilton in this journey from a Seed-level investment to a sale to a leading player in HR Tech, which will help grow the strong suite of products developed by LaunchPad. We wish Will and OutMatch every success in the future and we are certain they will continue to thrive as they consolidate their market position.”
OutMatch is a portfolio company of Rubicon Technology Partners (Boulder, Colorado) and Camden Partners (Baltimore, Maryland).
About Edenred Capital Partners
Edenred Capital Partners is the Venture Capital investment arm of Edenred Group, the world leader in corporate transactional services. We are looking for ambitious teams of entrepreneurs reshaping interactions between companies, workforce and merchants. We invest up to €10m, from Series A to Series C, alongside other investment funds. Edenred Capital Partners provides financial and operational support to entrepreneurs. The structure of our organisation facilitates relationships within Edenred's ecosystem to generate operational synergies. Our investment scope covers Human Capital Management, Professional Mobility, Payment and Retail. Investments include Addworking, Andjaro, Fretlink, Lucky Cart and Zenchef in France, Beamery, Fuse and Launchpad in the UK, Avrios and Beekeeper in Switzerland and Candex in the US.
LaunchPad’s recruitment technology platform brings together the latest in video interviewing technology, best of breed assessments, automation, reviewer insights and predictive analytics to optimize your hiring process - allowing you to create a seamless candidate experience, improve the reliability of your hiring decisions and hire the best candidates, faster, all from one platform. LaunchPad has served 350+ clients and processed over 3 million interviews worldwide for some of the world’s leading brands.
The OutMatch Talent Intelligence Platform brings clarity to talent decisions by gathering the right data and putting the insights companies need at their fingertips. We help the world’s biggest brands to select and develop great people, maximizing the employee life cycle. Nearly 100 million candidates and employees have used OutMatch technology, with over 10 million flowing through per year. This volume of data gives OutMatch unique insight into the workforce and prepares OutMatch clients for the future of work. OutMatch was recently named to the 2020 Inc 5000 list as well as Inc magazine’s annual list of the Best Workplaces for 2020.