Kenyan recruitment startup, Fuzu has raised close to 4 million dollars in its series A round to ramp up development, onboard more employees and accelerate its expansion into other regions in Africa.
Fuzu provides AI-powered personalized guidance to users/job seekers, and talent acquisition and data services to organizations.
Fuzu launched in 2015, and has since become on of the most popular career development platform in Kenya.
In 2018 the platform launched in Uganda, which bumped up its total lifetime users to 7.5 million.
Fuzu CEO, Jussi Hinkkanen, said, “We firmly believe that every human being is born with talent and that every organisation wants to maximise their value to their clients. But lack of access to opportunities, support and talent make career builders and organisations fall short of their true potential.”
He added, “We change this by providing access to opportunities and personalised learning and guidance; and by ensuring that organizations can access just the right talent and market data, maximising their chances for success. Our aim is to transform the African job markets and to help people learn and grow throughout their careers.”
Several VC firms participated in Fuzu’s series A round including; Sparkmind.vc, Finnfund, Kepple Africa Ventures, Barona, Cornerstone Enterprises, Aucfan Incubate, Seedstars International, and a group of individual investors.
Vesa Laakso, a partner at Sparkmind.vc said, “We are impressed about the Fuzu team and what they have built so far, and we look forward to working with Jussi and his colleagues. Fuzu fits well in our investment focus as a prime example of a digitally distributed, personalized lifelong learning solution that can be made accessible to tens of millions of users.”
