Rapidus was first to report that Malmö based startup YouCruit, whose service Lanefinder is a marketplace that helps American truck drivers to get jobs, has raised over € 3 million (SEK 33 million). The startup also announced that the next step is to IPO at First North.
“Already after three investor meetings, we were oversubscribed by the 25 million [SEK] we intended to bring in. Therefore, we decided to expand the round slightly to 33 million to accelerate even more towards the IPO. It too was oversubscribed in a couple of days. We are of course very happy that there was such great interest in our marketplace and the American trucking industry itself,” says YouCruit’s CEO Mats Holmbäck to Rapidus.
Youcruit started out with a focus on Video CVs, and received first investment in 2014. After some initial growth the startup focused on the Lanefinder app, and has extensive plans for how to develop it further. Amongst coming features is a focus on increasing the amount of drivers interacting with and sending their applications in the app.
The startup reported that almost 4000 hauliers in the U.S. have joined their service, and that their need for employment is around 200.000 drivers per year.
The funding will be used to further market the service and get more users on board. The team will also expand from 23 people today to around 40.