Redcliffe Partners has advised Ukrainian HR tech product manufacturer Hurma System on seed financing from the European venture capital firm Pragmatech Ventures.
Volodymyr Fedak, CEO and Founder of Hurma System, said that the company has ambitious plans with regard to further development of the product and entering new markets, and that "investments, as well as Pragmatech's expertise, will help us move confidently on our chosen course." According to Yevhen Sergeev, Founder and General Partner of Pragmatech Ventures, the HR technology market is extremely promising, and Yevhen is sure that "the Ukrainian product will be competitive and will find customers outside Ukraine."
Hurma System is a Ukrainian start-up that specializes in the automation of HR and recruitment processes of businesses.
Pragmatech Ventures is a European venture fund that invests in early-stage B2B SaaS and Marketplace projects in the CEE region and focuses on start-ups in the field of Enterprise Software, prioritizing HR Tech, BioTech, Property Tech, and Sales & Marketing Tech.
The Redcliffe Partners team included Partner Zoryana Sozanska-Matviychuk, Counsel Maria Koval, and Junior Associate Vlad Zakon.