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Close call for Nova Talent, as it raises Series A for its merit-based professional network
- Nova Talent, a startup aiming to change the professional networking landscape, raises €3.2M in Series A funding led by CDP Venture Capital.
- The company, officially based in Stockholm, was founded in 2020 with roots in Italy, Sweden, and Spain.
- This investment round attracted BY Venture Partners and angel investors, totaling around €4.1M across three funding rounds.
- CEO Marino described the Series A funding as a close call, almost leading to the startup's demise.
- The funding will be used to scale Nova Recruiter, expand to European cities, and enhance the platform's matching algorithm.
- Nova Talent positions itself as a 'lifetime MBA' providing brand excellence, networking, and unique experiences through its merit-based approach.
- The platform has vetted over 25,000 professionals and collaborated with 800+ companies in various industries.
- Unlike LinkedIn, Nova Talent focuses on talent and potential rather than past work history.
- The company plans to use AI to improve member matching and the mobile app experience.
- CEO Marino and co-founders bring international expertise to the team, with Nova's roots tracing back to 1997.
- CDP Venture Capital, the lead investor, sees Nova Talent's value in improving productivity in the services sector.
- With the 'war on talent' continuing in Europe, Nova Talent's innovative professional networking approach is well-positioned for growth.
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