The company aims to provide the new generation of comprehensive HR applications, democratize labor market data, and expand services globally.
Munich, GERMANY – HRForecast, the award-winning people analytics provider, will invest 16.8 million euros into building the next generation of end-to-end HR solutions.
HRForecast provides AI-powered solutions aimed at strategic workforce planning, talent mobility, labor market intelligence, and insights into future jobs and skills. With its new smartWork suite, the company will become a holistic provider for planning, building and connecting the workforce of the future. Specifically, HRForecast solutions and apps enable companies to build an industry-leading talent pool by empowering every employee and people manager to discover and develop the skills and knowledge necessary for the future.
“Knowledge-building in companies is similar to the time before the internet existed – it was hard to find and connect information. Making a lot of internal knowledge and even more external knowledge available will enable a truly connected workforce,” says Florian Fleischmann, HRForecast founder and CEO.
Headquartered in Germany and operating remotely worldwide, HRForecast is also putting global expansion front-and-center on its agenda. With the new investment in place, over the next three years, the company will be increasing its presence across the Europe, North America and APAC regions while enhancing the accessibility of external labor market intelligence and enriching HR solutions and apps.
“Over the last few years, we’ve proven to be a leading HR tech provider, and we’ll continue our growth story. Now we plan to invest millions in democratizing market data and making it available to a broader audience,” stated Christian Vetter, HRForecast founder and CEO.
Over the previous four years, HRForecast has seen remarkable 1,000%+ revenue growth and was recognized by Deloitte Technology’s Fast 50 Award as one of Germany’s fastest-growing tech startups, ranking 5th in 2021. HRForecast is empowering companies & governments globally to build tomorrow’s jobs & skills for more than 3.18 million employees.
HRForecast is one of the fastest-growing and fully bootstrapped Germany-based HR tech startups, aimed at providing applications and data analytics services for analyzing global market data and planning and building tomorrow’s workforce. HRForecast operates worldwide and works with enterprise-level companies like Siemens, Deutsche Bahn, Lufthansa, Continental, Merck KGaA, and other prominent companies.