Undelucram Platforms: Raised 400,000 euros through SeedBlink

Undelucram Platforms, one of the largest online communities of employees in Romania, which in Greece is in operation in the domain www.poudouleveis.gr providing job search information from a large number of Greek and multinational companies, collaborates with SeedBlink, the European platform investing in tech startups, succeeding in raising funding of 400,000 euros.

The total funds raised have reached 1,000,000 euros and will be used to enhance the company’s international expansion and the development of its own artificial intelligence (AI) technology.

GapMinder (200,000 euros) and Sofia Angels Ventures, a fund from Bulgaria that has invested 400,000 euros, participated in the funding. It should be noted that this is the third time that GapMinder has invested in Undelucram, which has received 800,000 euros in total in previous funding rounds in the years 2017, 2019 and 2021.

Undelucram is an online platform that connects companies with employees and was founded in 2011 by entrepreneur Costin Tudor. The platform provides information about employers, salaries, the benefits offered by each job and how interviews are conducted. The platform already has more than 1 million registered users in Romania and is projected to reach 4.5 million by 2024. The company’s management also aims to expand to another 7 countries by the end of the same year.

Presence in 14 countries and expansion of activities in Asia and Africa in the near future

Undelucram is already active in 14 different countries, including Greece, Romania, Bulgaria, Hungary, Ukraine, Moldova, Czech Republic, Poland, as well as Algeria, Egypt, Morocco, Tunisia, Saudi Arabia and the United Arab Emirates. The company began to expand in 2019, while this year it began to operate outside Europe.

All Undelucram platforms have an interface in the local language and the content is tailored to the needs of each country. The community operates on the basis of a B2B model with an annual subscription. The service covers both the field of Employer Branding and Online Recruitment. The operation of the platform is based on machine learning algorithms and data collected by users, with methods that combine the interests of candidates with those of employers.

“The work we have done so far and our future plans have helped and will continue to contribute further to the transparency of the global labour market. We see every investment in Undelucram as a vote of confidence, which once again confirms the growth of our company. I invite all interested investors who want to maximize their revenues and at the same time contribute to a fairer and more balanced labor market, to participate in this new funding round implemented by Seedblink and will help both in the development of new technologies and in our expansion into the international market”, stressed Costin Tudor, founder and CEO of Undelucram Platforms.

“The positive results have prompted us to be back on the side of Undelucram, a company that we are confident can change the labour market through transparency. The management’s vision for international expansion is also very important to us, as Undelucram in the last three years has made great strides outside Romania as well,” said Sergiu Roșca, Founding Member of GapMinder.

“Undelucram has created a growth model with many possibilities for expansion in the HR platform space, where employers and employees have a new way to interact transparently, combining their needs. The company’s team has a lot of knowledge in the fields of technology, digital marketing and HR, with good execution skills, familiarity with the terms of the game and willingness to further learn and fast progress. We believe that this investment opportunity can provide a good return on investment (ROI), as the sales plan is very realistic and reliable based on current market trends,” said Milen Ivanov, Managing Partner at Sofia Angels Ventures.

“As technology investors, we’ve noticed that user-generated content can transform some of the more mature industries, and Undelucram has a solution that addresses a huge market in areas that have remained untouched by the big players in the industry.Undelucram has created a business model that meets important market needs, having the ability to influence and guide the online recruitment and employer branding market. We are excited to support the company’s new funding round, through the SeedBlink platform, with the help of our investor community,” said Andrei Dudoiu, Managing Partner at SeedBlink.