The total round is EUR1 million and will be used to strengthen international expansion and develop its own artificial intelligence technology.
The round is supported by GapMinder (EUR200,000) and Sofia Angels Ventures, a Bulgarian fund investing EUR400,000 in this round. This is the third round in which GapMinder has invested in Undelucram, the previous financing rounds being held in 2021 and 2019.
Undelucram has so far attracted investments of EUR800,000 in three rounds (2017, 2019 and 2021).
Undelucram is a regional network of online employer branding and recruitment platforms that was launched in 2011 byRomanian entrepreneur Costin Tudor. It provides information about employers, salaries, benefits and how job interviews are conducted. The platform has over one million regional users and plans to reach 4.5 million by the end of 2024.
Undelucram operates in 14 countries: Romania, Bulgaria, Hungary, Greece, Ukraine, Moldova, Czech Republic, Poland and MENA (Algeria, Egypt, Morocco, Tunisia, Saudi Arabia and Emirates). The company started to expand regionally in 2019, and in 2022, it began to operate outside Europe.
“Our project and future plans have helped and will further contribute to the transparency of the international labor market. We choose to see the investment in Undelucram as a vote of confidence that once again confirms the growth trend of our company. I invite potential investors who want to maximize their revenues and at the same time contribute to a fair and balanced labor market to participate in this new round opened by Seedblink for the development of new technologies and the consolidation of international expansion“, said Costin Tudor, founder and CEO of Undelucram Platforms.