No Such Ventures invests in AI Talent Intelligence platform, taking the lead in $4 million round along with existing investor Big Pi Ventures.
The financing round will enable Bryq to improve their innovation, especially combining psychometrics with performance data.
Athens, 8 June, 2022: Bryq - the AI Talent Intelligence platform, announced today that it has raised a $4 million pre-Series A round, led by No Such Ventures along with existing investor Big Pi Ventures.
In 2021, Bryq’s revenue increased by more than 500%, leading the company to profitability. Bryq was also recognized by the Fosway Group as a Potential Challenger in the Talent Acquisition space and was the recipient of the HR Tech award for Best DEI-Enabling Solution.
Bryq is a leading talent intelligence solution that is based on a combination of validated psychometric science and objective performance data. This unique approach in talent management disregards resume parsing and focuses on who people are and what they are capable of doing. This allows companies to gain a competitive advantage in hiring, growing and retaining the best possible talent.
“The way we work has evolved much faster than anticipated in the past two years due to the global COVID pandemic and the shift towards remote work. This has resulted in phenomena like the Great Resignation and a new wave of unrest spreading throughout the talent markets. In this shifting landscape, companies are struggling to succeed with their current legacy tools” said Reinder Lubbers, Partner at No Such Ventures. “Bryq stands out by providing a unique solution to today’s challenges, translating to tangible benefits for companies.”
“Talent is still the key ingredient for a company’s success, while hiring, growing and retaining talent remains a challenge for all,” said Markellos Diorinos, CEO of Bryq. “With this financing round, we will double-down on our investment in innovation, especially in the areas of combining psychometrics with performance data and using artificial intelligence to power solutions in hiring, internal mobility, career development and employee retention.”
“Our customers – companies like EY, Teleperformance, Viva Wallet, Deliveroo and SaltPay – have one thing in common: they understand the value of their current and future employees and they fully invest in them. Bryq enables them to shift the way they look at talent and achieve impressive results in increasing performance and retention of their talent.”
Bryq is a remote-first organization with hubs in St. Petersburg (FL, US), Oxford (UK) and Athens (GR).