# Meritocracy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/meritocracy

- Industry: Software
- Headquarters: Milan, Italy
- Website: www.meritocracy.is
- Total disclosed funding: $0.6M
- Latest round: Seed (Oct 21, 2015)
- Investors on record: 1

## About

Meritocracy is a strategic platform focusing on enhancing recruitment processes and talent acquisition, leveraging technology to connect employers with potential candidates efficiently.Meritocracy, founded in 2013 in Milan, Italy, operates as a recruitment platform designed to streamline the hiring process. The company was established by Rizwan Momin, who has previously founded other ventures. In October 2015, Meritocracy raised EUR 0.5 million in a Seed funding round led by United Ventures, bringing the total amount raised to EUR 0.5 million.Meritocracy specializes in providing a technology-driven recruitment platform that connects employers with candidates. The platform is designed to facilitate better hiring decisions by optimizing the recruitment process through innovative solutions tailored to meet the needs of businesses across various sectors.In 2019, Meritocracy generated revenue of EUR 508,944.50, with an EBITDA of EUR -466,613.80. The company's revenue model is primarily based on service agreements within B2B relationships, focused on staffing solutions and recruitment services.In the future, Meritocracy plans to leverage its recent Seed funding of EUR 0.5 million to enhance its technological infrastructure and design new features for its platform. The company aims to expand into additional European markets by 2024, targeting regions with high recruitment demand. This expansion will involve further development of its services to cater to the evolving needs of the job market.

## Funding rounds

- Seed, Oct 21, 2015, $0.6M — United Ventures

## Investors

- United Ventures (https://capitalatlas.ai/funds/united-ventures) — Seed