Leading on-demand staffing platform Coople continues its high-growth trajectory, with new funding raised and senior management changes, disrupting the traditional staffing industry.
London – October 25, 2018 – Coople, operator of the largest on-demand staffing platform in Europe, announced that it has raised USD 21 million from One Peak Partners, Goldman Sachs Private Capital and Harbert European Growth Capital. The newly raised capital will be used to fund further investment into Coople’s product and technology innovation, recruitment and continued expansion in Switzerland and in the UK ahead of further international expansion.
In total Coople has raised USD 45 million to date, following investment from One Peak Partners, Goldman Sachs Private Capital, Rothschild Paris Orléans and angel investors.
Since launching in Switzerland in 2009, Coople has been the front-runner in disrupting the $400+ billion staffing industry, building a unique platform and algorithm that matches workers looking for flexible jobs based on their experience, star-rating, location and availability with companies looking for staff on short notice, to manage their peaks in demand. Coople’s platform also provides end-to-end automation of the value chain, from planning, recruiting, on-boarding and hiring, to workforce management, payroll processing and payments, allowing companies to dramatically reduce the amount of time and cost spent on HR administration tasks.
Coople has over 310,000 registered workers and over 14,000 registered company accounts and currently operates in both Switzerland, where it has a leading market position, and in the UK, where it has been operating for two years delivering high-triple digit compounded annual growth rates. Coople works with large blue-chip clients including Deliveroo, ZfV, Inditex, Intercontinental Hotels, Four Seasons Hotels & Resorts, the Royal Automobile Club, and provides workers for the Silverstone Formula 1 Grand Prix, the BBC Proms, Coldplay concerts, NFL matches at Wembley stadium and many more high-profile events.
In addition to the raised funds, Coople is announcing the appointment of Viktor Calabrò, Coople’s Founder, as Executive Chairman with a focus on innovation and thought leadership, as well as the promotion of Rinaldo Olivari, previously Managing Director for the UK, to Group Chief Executive Officer and of Anthony Vaslin, previously Managing Director for Switzerland, to Group Chief Operating Officer. These appointments take effect immediately.
“I am excited to see Coople embark on its next phase of growth and innovation supported by both new and existing investors in our mission to revolutionise the world of work by providing workers with easy access to high-quality flexible jobs that best suit their life commitments and at the same time offering great on-demand talent to companies across a wide spectrum of sectors” said Viktor Calabrò, Founder and Executive Chairman of Coople.
“David Klein, Managing Partner and Co-Founder at One Peak Partners, said “We are excited to continue supporting Coople alongside new and existing investors. Coople is enjoying extremely high growth rates in one of the most attractive technology market opportunities in Europe and is increasingly consolidating its position as the leading on-demand flexible staffing platform with investments in product, automation and continued international expansion.”
“The use of technology to automate the staffing industry’s value chain and provide superior convenience, choice and efficiency to both workers and companies is driving booming adoption of our solution as demonstrated by our growing success across our markets. We will continue to lead the path in innovating this industry and executing against a tremendous opportunity set in Europe and beyond. Our goal is to make great work available to millions of workers worldwide, levelling the playing field based on merit, skillset and performance whilst at the same time making sure workers earn fair wages and develop their careers to the full of their aspirations.” said Rinaldo Olivari, CEO of Coople.
Founded in 2009 by Swiss entrepreneur Viktor Calabrò, Coople operates the largest on-demand staffing platform in the world. The platform’s algorithm instantly matches workers looking for flexible, shift-based work with companies that have varying staff demands.
Coople has 140 full-time employees, offices in Zurich and London and 310,000 registered users in the UK and Switzerland. Many of Coople’s clients are blue-chip international companies with complex operational and recruitment needs that require temporary workers for jobs in retail, hospitality, office and logistics. Coople’s current clients include JustEat, Deliveroo, Zara, Swissport, Accor, Intercontinental Hotels, Swisscom, the Royal Automobile Club, Migros, AXA and Zurich Insurance.
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About One Peak Partners
One Peak is a specialist private equity firm investing in growth stage technology and tech-enabled companies. One Peak provides growth capital to exceptional entrepreneurs, with a view to transform innovative and rapidly growing businesses into lasting, category-defining industry leaders.
About Goldman Sachs Private Capital
Goldman Sachs Private Capital provides long term capital to growth and middle-market companies. The group focuses on investing as a lead or minority investor and can provide both equity and debt financing.
About Harbert European Growth Capital
Harbert European Growth Capital provides financing to European growth businesses, predominantly in the technology, life sciences and environmental sectors. Typical investment sizes range from €1-20 million, with the flexibility to do larger transactions opportunistically.
We are proud to announce that Coople’s Founder and CEO Viktor Calabrò has been chosen by the Staffing Industry Analysts (SIA) to feature in this year’s “2018 European Staffing 100”.
For the 5th year in a row, the Staffing Industry Analysts have based their list of “trailblazers” on individuals who not only have a direct impact in driving the vast staffing industry forward (now worth an estimated €428 billion according to SIA) but who also look to disrupt and innovate within the sector.
Picking just 100 professionals to feature in the list each year is a tricky position to be in for Staffing Industry Analysts given the breadth and depth of talent which lies within the industry. Reviewing influential professionals from diverse staffing markets across seventeen countries, you will find a wide range of individuals within the list: from tacticians, policymakers to entrepreneurs.
With Viktor contributing to the UK Taylor Review Report regarding the evolution of modern working practices, giving a keynote at Web Summit 18 in Portugal about “the future of work” and his continued leadership of Coople, Europe’s largest on-demand staffing platform, he has established himself as one of the key influencers and thought leaders in the staffing industry and has earnt his rightful place in the European Staffing 100.
Representing the sole on-demand staffing platform within the European Staffing 100, demonstrate’s the industry’s acceptance and acknowledgement of newcomers amongst what has often been regarded as a traditional industry. We believe there is a real need by both employers and workers to embrace flexible work which can be powered through technology, without removing the benefits of full-time employment, as there is no reason why one should lose out on the benefits of full-time employment for the sake of flexibility.
We are constantly striving to create a world where working flexibly is simple, safe and satisfying for both businesses and workers. We will continue to do that through the introduction of state-of-the-art technology that allows employers and workers to work where they want, when they want, however much as they want.
European Staffing 100 complete list
Coople partners with Springboard to help those from a disadvantaged background find employment.
Coople is proud to announce its partnership with Springboard Charity, who strives to help those from disadvantaged backgrounds find employment within the hospitality industry and continuously searches for fresh and innovative ways to let candidates gain valuable experience across a wide range of establishments.
With the use of our on-demand staffing platform and fast-growing client base, Coople is perfectly placed to help Springboard deliver on its mission by offering flexible work to graduates across a wide range of restaurants, bars, hotels and events.
We are already supporting a number of Springboard’s charitable activities, providing placements for their Into Work programmes, Diageo Learning for Life and Hospitality Futures, which offer career support and skill development for young people.
About The Springboard Charity
The Springboard Charity helps young people achieve their potential, nurtures unemployed adults into work and helps alleviate poverty by supporting people into employment within the UK hospitality, leisure and tourism industry. Springboard provides a range of opportunities for sustainable employment and vibrant careers in hospitality, leisure and tourism through:
- Free specialist careers information
- Taster work experience opportunities
- Development programmes to help maximise the chances of obtaining sustainable employment
- Pre-employment and mentoring programmes
- Educational teaching resources, information, support and student activities to teachers in schools and colleges
Springboard equips people with the knowledge and skills they need to achieve their potential. They also works closely with the industry to help attract more talent and address skills shortages. In doing so, it has the support of over 180 different industry establishments and suppliers.
On-demand staffing platform Coople is continuing its rapid expansion with the appointment of Christopher Bradford as the firm’s new Chief Technology Officer.
Industry veteran, Christopher will be based in Coople’s European headquarters in Zurich. The new Chief Technology Officer will head up and direct the growing development team to drive the speed of innovation and to help accomplish the firm’s scaling ambitions. Coople has more than 150,000 workers available in the UK and Switzerland to work across a range of industries including hospitality, events, office, retail and logistics sectors.
Christopher joins Coople with more than 20 years of experience across technology, product innovation and software development. He spent the last eight years at Ancestry.com with the last three as Vice President of Software Development where he grew the mobile development team from one to 30 developers. Prior to Ancestry, he was a software architect at Heritage Makers and BORN Information Services (now part of Fujitsu Consulting) and has been the technical lead at several small start-ups.
Viktor Calabro, Founder, said:
“We’re really excited to have Christopher join Coople. I have no doubt that Christopher’s knowledge and deep expertise to our already strong leadership will have a positive impact on our continued service offering. He will no doubt play a huge role in our expansion for our next phase of growth as increased costs demand the need for an on-demand staffing marketplace.”
Christopher Bradford commented on his appointment:
“Employment has changed remarkably over the past several decades. My father worked for one employer for his entire career, whereas I have worked for a handful and I expect my children will have even more change in their employment experience. I have taken a particular interest over the past few years in the future of work, especially as we see how technology is transforming the business world and reaching into every aspect of society.”
“Work and life are integrated in ways that would have been hard for previous generations to envision,” continued Christopher. “I am confident that Coople has a great vision, laid out by its founders and shared by those I’ve talked to, that will enable it not only to help people and societies cope with the changing landscape of work, but also to shape what the future of flexible work will be like. I’m very excited to be part of a visionary company leading the way.”
Coople announces the appointment of a new board member and board observers to strengthen its expertise across the technology, financial, operational and commercial sectors.
Joining the Board of Directors is David Klein from One Peak Partners. Fabio Selmoni and Humbert de Liedekerke join as board observers effective immediately.
Coople enables businesses to hire qualified staff in minutes through its mobile and web app. The company launched in the UK earlier this year after successfully scaling under the Staff Finder brand in Switzerland. One Peak Partners, a specialist private equity firm investing in growth stage technology and tech-enabled companies in Europe, led the growth investment in the company together with Goldman Sachs Private Capital last year.
Fabio Selmoni, an investor and advisor based in Switzerland and former head of Google’s European Sales and Operations, brings more than 20 years of experience in developing, leading and investing in large-scale tech companies.
Fabio led Google’s entry into Europe, starting with a small office on London’s Soho Square and quickly growing to managing a large Pan-European network of national teams across the Continent. He was attracted to Coople for its similarities to the early Google as a faster and more accurate search provider – in the case of Coople – for jobs and workers to match.
“Throughout my career, including whilst leading Google’s European Sales and Operations team, I have been responsible for successfully identifying and implementing game-changing actions to make things work far better than ever thought. I strive to ensure my teams have the best access to mentoring and are able to act as a cohesive force when it comes to trend-spotting, positioning, and taking effective actions. This is the same mentality I will bring with me to Coople, especially as the company expands across current and new regions.”
One Peak’s founding partners David Klein and Humbert de Liedekerke will bring more than 25 years of combined investing and operating experience in global technology companies. Prior to founding One Peak, David was a senior investment professional at Summit Partners, whilst Humbert was responsible for technology investments at AnaCap Financial Partners. Previously, both were growth investors at Morgan Stanley Principal Investments in London.
Humbert and David said:
“Coople’s hassle-free recruitment model benefits all sizes of companies, from large multinational organisations to small and medium-sized businesses, spanning a wide range of sectors. What is so exciting about Coople’s model is that it fundamentally changes the way companies recruit, plan and manage their workforce in today’s marketplace. We are thrilled to advise Coople as the company grows and expands into new territories.”
Christian Resch, Executive Director at Goldman Sachs Private Capital a shareholder in Coople said:
“Coople provides a powerful solution by using technology to match job seekers and employers. Coople has a proven track record to allocate its resources most efficiently in order to gain a sustainable edge in the marketplace. Investing in technology and talent is key to reaching the right people, at the right time.”
Goldman Sachs Private Capital provides long-term capital to growth and middle market companies across Europe with significant expertise for both equity and debt financing.
Viktor Calabrò, Founder of Coople, commented:
“We look forward to working with the board as we believe their collective knowledge, extensive network and vast experience in scaling growth companies will add huge value as the business expands internationally.”