Teamscope raised €500k seed round to develop a talent analytics application that helps organizations build high-performing teams. Their unique algorithm analyzes current team members and uses the data to predict which candidate best complements the team. The investment was led by Black Pearls VC and included several angel investors from the UK and Estonia (including co-founder of Skype, Jaan Tallinn).
Harnessing big data to build better teams
The funding round will be used to further refine the data model and to develop the platform further to better meet the needs of enterprise customers.
Alo Arro,Teamscope co-founder and CEO
Founded by leading executive search professionals and data scientists
Tõnis Arro has studied psychology at Tartu University, cognitive-behavioral psychotherapy at Helsinki University, has graduated senior executive program at London Business School and master practitioner course in team coaching at Academy of Executive Coaching . Tõnis is a serial entrepreneur , who has established Fontes, the leading executive search firm in the Baltics, and Pärnu Conferences, the largest executive conference company in Baltics. Tõnis has previously managed Estonian Development Fund, the parliamentary think-tank and VC Fund.
As Tõnis and Alo are relatives (Tõnis is Alo’s uncle), they are in a unique position to say that the founders have known each other for over 30 years before they decided to establish the business, the decision for which was actually made over Christmas dinner.
Backed by SAP and co-founders of Skype and Pipedrive
Measurable value is added more by teams and less by individuals nowadays. The collective intelligence of teams is key to their performance and personality match of individual team members has great impact to team performance. The team-based approach in human resources management is right now a must-have, and Teamscope is the pioneer with their platform.
Marcin P. Kowalik, Black Pearls VC Managing Partner.