Bulgarian job search platform nPloy raises €2 million to expand in Europe

From searching various job search websites to going through each individual hiring process, finding a job can be an exhausting process. But what about making an appointment with the employer? Founded in Sofia HR technician company nPloy raised €2 million in funding to streamline the process and develop an online platform that works as a dating app for job seekers and recruitment teams.

In the future, the startup plans to enter new markets in Central and Eastern Europe with new funding. It is planned that by the end of 2023, the platform will work in about 10 more countries. Managed by a local venture capital firm. Morningside Hill.

The Bulgarian startup currently has more than 85,000 users and more than 500 employers, including BIC, SAP, Lidl and Postbank.

Founded in 2018, the startup directly matches and connects candidates and employers based on the dating app model. Its algorithm matches talent with companies based on mutual expectations and requirements. Recruiting teams gain access to a diverse database and a modern approach to talent acquisition.

Candidates also benefit from features that make it easier to find the right job. Interestingly, the platform also has a feature where people don’t have to actively search for a job. Companies can turn to people in the transition to a traditional model. As with dating apps, if there is mutual interest between a company and a candidate, a chat will automatically open between the two parties and a video interview can be scheduled.

Co-founder of nPloy, Konstantin Tsonev, said: “Mass online job posting platforms, not only in the Balkans, but also in Europe, are often clumsy and inefficient. This is exactly what we want to change with nPloy, successfully creating an innovative job search platform based on the dating app model. We have replaced the standard pre-selection process with an artificial intelligence algorithm that allows users to see only vacancies that match their experience and requirements, and employers to search for the right candidates more efficiently.”

Pavel Vyalkov, managing partner of venture capital firm Morningside Hill, added: “We invested in nPloy because we believe in the urgent need to transform the recruitment market in Europe. Every good idea needs a great business plan and people passionate about making it happen, and nPloy has just that.”