Hosco, an online hospitality network and recruitment specialist, has closed a €5.4 million funding round.
Nauta Capital led the round with existing investor Athos capital also participating.
Barcelona-based Hosco was founded in 2011 to act as a network for employers, professionals and education institutions from the hospitality industry.
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The platform provides job opportunities, industry insight and advice as well as enabling students and professionals to connect.
Olivier Bracard, Hosco’s co-founder and CEO says: “Hospitality is one of the largest and fastest growing industries on earth. However, it's also one of the most fragmented sectors and is currently suffering from a significant talent shortage.”
Hosco says it plans to use the funding to accelerate growth including expansion in the Americas in the first half of next year.
It currently has offices in Barcelona, Dubai and Geneva. The company is also working to triple its team at 180 over the next two years and further strengthen the product.
According to a statement, Hosco is the main recruitment partner for hotels and restaurant in key markets across Europe and the Middle East.