Hosco cooks up a €3.4M round for hospitality network – PhocusWire

Hospitality recruitment platform Hosco has secured €3.4 million in fresh funding.

Aldea Ventures and Torsa Capital led the round with existing investors Nauta Capital, Athos Capital and business angels also participating. 

Barcelona-based Hosco offers a marketplace for hospitality professionals and students to find jobs as well as career advice and further learning opportunities.

The company was founded in 2011 as a business social network for hospitality companies and hotel schools.

Carl Julien, co-founder and chief operating officer, Hosco, said: The financial injection will be used to strengthen Hosco’s position as the dominant solution for hiring, training and career orientation in hospitality across the EMEA region. The company has further product and geographical expansion plans for 2023 and beyond.”

Olivier Bracard, co-founder and CEO, says: “Hospitality is all about people and there’s never been a more challenging time for employers to source talent. While the industry has so much to offer, from international careers to rapid career progression, there are many critical gaps to fill around industry perception, benefits, talent matching, guidance, mentoring and training. The industry must do better at shaping exciting careers and that’s what Hosco is committed to.”

Alfonso Bassols, managing partner, Aldea Ventures, adds: “We are impressed by the company’s vision, track record and resilience throughout the turbulent times of the pandemic. Hosco has become the go-to-place for many in hospitality and we feel they’re just getting started. We’re excited to contribute to the journey.”

This latest investment adds to funding of €5.4 million the company announced in late 2018.

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