# Alva Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alva-labs

- Industry: Software
- Headquarters: Stockholm, Sweden
- Website: www.alvalabs.io
- Total disclosed funding: $14M
- Latest round: Series A (Jan 31, 2022)
- Investors on record: 2

## About

Alva Labs AB is a Stockholm-based company focused on enhancing recruitment processes through a sophisticated candidate assessment platform, offering various testing methodologies to improve talent acquisition for enterprises.Founded in 2017 in Stockholm, Sweden, Alva Labs AB specializes in candidate assessments, helping organizations streamline their hiring processes. The company has raised a total of EUR 11.7 million in Series A funding in January 2022, led by investor VNV Global. The founders, Malcolm Linder, Peter Schierenbeck, and Shahab Sayardoust, aim to drive the company's vision forward, with Malcolm Linder serving as the CEO.Alva Labs provides a comprehensive candidate assessment platform designed to enhance the hiring process for enterprise-level organizations. Their core offerings include a variety of assessments such as Personality Tests, Logic Tests, Leadership Reports, Coding Tests, and Interview Templates, all aimed at improving the efficiency and accuracy of talent acquisition. Utilizing advanced methodologies like the Five-Factor Model of Personality, these assessments deliver data-driven insights to help teams identify high performers while minimizing biases. Alva Labs caters to a global client base, assisting major enterprises across Europe, North America, and parts of Asia to streamline their recruitment processes.In the most recent year, Alva Labs generated revenue of EUR 3,892,910.70 with an EBITDA of EUR -5,157,377.90. The company operates on a subscription-based model, allowing clients to engage with their assessment services through annual or monthly contracts, integrating the platform into existing Applicant Tracking Systems (ATS) to enhance hiring workflows.Following the Series A funding of EUR 11.7 million raised in January 2022, Alva Labs plans to accelerate international expansion, particularly by building a team in the UK and advancing product development. This funding will support the company in targeting new markets and enhancing their assessment offerings.

## Funding rounds

- Series A, Jan 31, 2022, $13M — VNV Global
- Angel, Jan 22, 2019, $1.2M — ALMI Invest

## Investors

- ALMI Invest — Angel
- VNV Global (https://capitalatlas.ai/funds/vnv-global) — Series A