CareerFairy secures CHF 1.7 million seed capital

ETH spinoff CareerFairy AG has completed its seed investment round led by the venture arm of Swiss Post together with Zurich-based VC BackBone Ventures and other prominent business angels. The funds will help accelerate the digitalisation of corporate events at universities and open up even more markets internationally.

CareerFairy was founded in July 2019 by Thomas Schulz and Maximilian Voss, both graduates of the Swiss Federal Institute of Technology in Zurich (ETH). Through its interactive live-streaming platform, CareerFairy brings companies and students together via the universities’ respective career services.

Over a hundred companies in Europe are already actively using the CareerFairy platform to connect directly with top talent from the world’s leading universities. Today, the startup works with companies such as EY, KPMG, McKinsey, BCG, Accenture, Beiersdorf, ABB, Hitachi, L’Oréal, BMW Group, UBS and Credit Suisse. Since the beginning of the year, CareerFairy could host more than 400 company live stream events with over 30’000 talents. The largest live stream events with employers such as the World Bank Group from Washington were attended by thousands of participants.

Thanks to a new investment round of CHF 1.7 million, the startup plans to expand the ecosystem of universities, employers, and talents across Europe and the live streaming experience with new interactive features. CareerFairy’s team will also grow to ten in January next year.

“War for talent” is a major concern for companies nowadays. For Switzerland especially, services around talent recruitment are essential to the country’s economic competitiveness. We are convinced by CareerFairy’s approach to digitising talent acquisition for corporate players and SMEs, “says Raphael Fässler, Investment Manager at Swiss Post Ventures, one of the investors in the startup’s seed financing round.

“We are excited to hire new talent to support our growth strategy,” said Thomas Schulz, CEO of CareerFairy. “The experience and expertise of the new board members will be extremely valuable in helping us achieve our vision of becoming the first digital platform where companies and young talent can connect - anytime, anywhere.”

(Press release/RAN)