Online recruitment startup WisR raises 250,000 € to further strengthen their company

WisR team with the new investors / Photo credit:

Vienna based online recruitment startup WisR has raised 250,000 EUR in their first seed investment round, Austrian media reported. Niki Futter (Compass Verlag), Stephan Blahut (ÖGV), Nathalie Karré (ACCELOR) and Christian Geissler (KERN Engineering Careers) are reportedly the four business angels that invested in this online recruitment startup.

Founded in 2017 in Vienna, Austria, WisR is an Online Job Matching Platform where companies can find qualified and experienced silver agers and retired people willing still to work for online project-based, seasonal and part-time work. Aiming to be the missing link between an aging population willing to share their experiences and life wisdom, the startup ultimate goal is to close the generation gap and above all drive innovation forward.

Niki Futter, Managing Director At Compass Verlag / Photo: Compass Verlag website

“WisR closes an ever-widening gap in the Austrian HR market. A steadily aging and active population will become the dominant social issue of the next 20 years. We want to bring the knowledge and know-how of older people to future generations and support them in their development, “says lead investor Niki Futter, Austrian portal Trendingtopics reported.

Klaudia Bachinger, the founder of WisR, explains that with this investment, in just two months the company has managed to double their funds. At the moment, they will use this injection primarily into marketing and sales.

Klaudia Bachinger, founder of WisR/ Photo: Wisr’s website

“The fresh capital of investors should flow primarily into marketing and sales. In these areas, we want to expand the team. We already have key positions in communications, growth hacking and sales that will help us meet our goals for next year,” Bachinger says.

According to her plans, in one year she would like to have 10.000 registered “Silver Users” and 30 corporate customers on the site. At the moment, the platform has 500 job-seekers.

In order to reach that goal the startup says it will recruit the profiles and job position that are difficult to fill and that are often not so attractive to younger people. Reportedly, their mid-term plan is to further expand in the DACH area (Deutschland, Austria and Switzerland) and then continuing in Japan (the country with the oldest population in the world) and South Korea (the country that has the fastest aging population).

So far the company profits from the commission paid by the companies that are using their platform. Another way of profiting is by giving consultancy services for their clients and organizing workshops for executives.

Just two months ago, in April, the start-up won the pitch competition as part of the 4Gamechangers Festival 2018.