# Gustav Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gustav-technologies

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.hellogustav.com
- Total disclosed funding: $2.6M
- Latest round: Seed (Aug 1, 2017)
- Investors on record: 5

## About

Gustav Technologies, Inc. provides an innovative vendor management platform that streamlines the recruitment process for staffing agencies, enhancing collaboration and efficiency across a vast network of vendors.Founded in 2016 and headquartered in San Francisco, US, Gustav Technologies, Inc. specializes in sub-vendor management solutions for the staffing industry. The company was established by a team including Aleš Markvart, Benjamin Bartakovics, Daniel Bartakovics, Etienne Dejoie, Jan Jedlinski, Michael Ströck, and Pierre Poirmeur. In August 2017, Gustav secured USD 0.98 million in Seed funding from investors including BEENEXT, PUSH Ventures, Speedinvest, and The 10x Group, marking a significant milestone in their growth strategy.Fuse Cooperative, operating the Gustav VMS platform, offers a comprehensive sub-vendor management solution tailored to the staffing industry. Their core product, Gustav, serves as a robust vendor management system that facilitates collaboration among thousands of staffing vendors, enabling them to make candidate placements efficiently. The platform streamlines job sharing, allowing users to distribute open positions to selected vendors at the click of a button, thereby eliminating reliance on traditional spreadsheets and email lists. Additionally, Gustav enhances candidate sourcing by allowing users to source vetted candidates from sub-vendors, manage submissions, and synchronize data with ATS systems like Bullhorn and JobDiva. The platform is designed to meet the needs of both prime vendors and sub-vendors, primarily serving the North American market along with expanding reach to international staffing firms.The revenue model for Fuse Cooperative revolves around a subscription-based approach for their Gustav VMS platform. Clients, primarily staffing agencies, enter into partnerships that grant them access to the platform's suite of tools for vendor management and candidate sourcing. The transaction structure typically involves subscription fees that provide clients with ongoing access to the platform's features, including job sharing, candidate tracking, and vendor communication tools. Specific pricing plans for the services offered are tailored to client needs based on factors such as the scale of vendor management and the volume of job placements. The emphasis on seamless integration with existing ATS systems further positions Gustav as a pivotal tool for staffing firms, facilitating their operational efficiency and client engagement.As of August 2017, Gustav Technologies, Inc. plans to utilize the recent Seed funding of USD 0.98 million to enhance its product offerings and expand into new markets. The company aims to develop new features for the Gustav VMS platform, which will be designed to further streamline vendor management for staffing agencies. Additionally, Gustav intends to target international staffing firms for expansion, increasing its market presence beyond North America. The specific timeline for these initiatives is currently under development.

## Funding rounds

- Seed, Aug 1, 2017, $1M — Speedinvest, BEENEXT, The 10x Group, PUSH Ventures
- Angel, Apr 15, 2017, $0.7M — Speedinvest, PUSH Ventures, Tiny Super Computer Investment Company
- Seed, Jan 10, 2017, $1M — Speedinvest, BEENEXT, The 10x Group, PUSH Ventures

## Investors

- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Seed, Angel
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Seed
- The 10x Group (https://capitalatlas.ai/funds/the-10x-group) — Seed
- PUSH Ventures (https://capitalatlas.ai/funds/push-ventures) — Seed, Angel
- Tiny Super Computer Investment Company (https://capitalatlas.ai/funds/tiny-super-computer-investment-company) — Angel