German fund invests in Taikai’s €2 million funding round

  • ECO News
  • 7 September 2021

With this capital injection, Taikai wants to enter new markets and strengthen its range of solutions.

Taikai raised €2 million, in an investment round led by the German fund FinLab EOS VC Fund, and also counted with Portugal Ventures and Bright Pixel’s participation. With this capital injection, Taikai wants to enter new markets and reinforce its range of solutions.

“With this investment, it will be possible for us to reach more markets, supporting companies in the innovation and recruitment process. We also intend to support the evolution of the ecosystem as a whole, fostering a culture of constant innovation that goes beyond large companies, also reaching SMEs and startups so that this process of innovation is in their DNA,” says Mário Alves, co-founder and CEO of Taikai, quoted in a press release.

Founded in 2018, Taikai aims to build a talent marketplace by bridging the gap between creators and companies through solution crowdsourcing, using hackathons (programming marathons) to test and validate new ideas, products and talent globally.

A strategic investment for German investor C3 Management, as part of its $100 million FinLab EOS VC fund focused on the blockchain sector. The FinLab EOS VC fund has, the company that developed the EOSIO blockchain software used by Taikai, as an investor.

“We strongly believe that blockchain technology can have a positive impact on all sectors. Taikai has huge potential, not only by using EOSIO software, but also by its ambition to become an integrated solution for innovation and hiring processes in any company, driven by an ambitious and talented team. It is with great enthusiasm that we join this journey”, explains Theo Woik, Managing Partner of FinLab EOS VC Fund.

The new investor joins the board, which already has the Portuguese Bright Pixel – which reinforced its investment -, as well as Portugal Ventures, with an amount that was not disclosed.