The Ukrainian-British company is ready to invest $100,000 - $200,000 in startups from Ukraine, Britain, Israel and Central and Eastern Europe. The aim of this step is to support and invest in teams specializing in innovative solutions in the field of human resources management and recruiting.
The Ukrainian-British company is ready to invest $100,000 - $200,000 in startups from Ukraine, Britain, Israel and Central and Eastern Europe. The aim of this step is to support and invest in teams specializing in innovative solutions in the field of human resources management and recruiting.
In a comment to AIN , JobCannon co-founder Peter Kolomiets noted that investing in tech startups will help the company enter global markets faster, and JobCannon's goal is to reach a $1 billion valuation through mergers and acquisitions.
The new venture arm will focus on finding and funding startups that offer cutting-edge technology solutions to improve hiring, talent management, and other aspects of human resources. This includes investing in projects that use artificial intelligence, machine learning, and other modern technologies to optimize HR processes.
In addition to direct investments, the company is planning other financing methods, including secured loans. In this case, the company takes out a loan against its shares: if the debt is repaid, control is retained, if not, the lender can get a share of the business. This helps to quickly raise funds without pressure from venture investors, but there is a risk of losing shares.
The geography of investments may expand in the future to include the countries of Central Asia and Turkey.
Founded in 2022, JobCannon quickly established itself in the HR technology market, attracting $500,000 in investment from Kazakh venture fund White Hill Capital with the assistance of the World Bank.
