# Source{d}

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/source-d

- Industry: Software
- Headquarters: Madrid, Spain
- Website: http://www.sourcedtech.com
- Total disclosed funding: $6M
- Latest round: Series A (Oct 4, 2016)
- Investors on record: 2

## About

Source{d} delivers innovative technology solutions aimed at optimizing workforce management, enhancing operational efficiency, and transforming recruitment processes for businesses across various sectors.Source{d} was founded in 2015 in Madrid, Spain, focusing on developing advanced software to address recruitment challenges. The company secured USD 6.000 mn in Series A funding on October 4, 2016, with the investment coming from Frst Capital and Heartcore Capital. Jorge Becerro is the founder of the company, contributing expertise from previous ventures to drive innovation at Source{d}.SourcedTech.com specializes in providing a suite of innovative technology solutions designed to streamline workforce management and enhance operational efficiency for businesses across various sectors. Their core product offerings include advanced talent acquisition platforms that leverage AI-driven algorithms to match skilled professionals with job opportunities, thus addressing challenges in recruitment and employee retention. Additional services encompass workforce analytics tools that enable companies to gain insights into employee performance and optimize resource allocation. The end users of these offerings include human resource departments, project managers, and operational teams within industries such as information technology, healthcare, and engineering. SourcedTech.com primarily serves clients across North America, Europe, and Asia, showcasing its commitment to a global market reach.In the most recent fiscal year of 2019, Source{d} reported a revenue of USD 14,740.90 and an EBITDA loss of USD 4,199,330.70. The company's revenue is generated through a subscription-based model that allows ongoing access to its suite of products and services, with clients engaging in annual or monthly subscriptions based on their organizational needs.Source{d} plans to leverage its recent Series A funding to expand its offerings and explore new market opportunities. The company is currently developing new products aimed at enhancing its workforce management solutions, with anticipated releases in 2024. Additionally, Source{d} aims to enter the Asian market by the end of 2025, utilizing its funding to support market research and partnerships in this region. The funding raised in October 2016 will also be directed towards forming strategic alliances to diversify its product offerings and improve customer engagement.

## Funding rounds

- Series A, Oct 4, 2016, $6M — Heartcore Capital, Frst Capital

## Investors

- Heartcore Capital (https://capitalatlas.ai/funds/heartcore-capital) — Series A
- Frst Capital (https://capitalatlas.ai/funds/frst-capital) — Series A