(Ecofin Agency) – After three years of research and development, Moroccan skills and talent management start-up Palm secures its first seed funding that will support its business in and outside Morocco.
AI-based skills and career management platform Palm, recently announced it secured €2.1 million to support its growth in Europe and consolidate its technical and artificial intelligence expertise in Morocco.
According to its CEO Hela Atmani, Palm plans to triple the size of its local team by the end of 2023, to expand its expertise and R&D center over the next few years. The funding was secured from a group of investors, including seed investment fund Kima Ventures. The 212Founders start-up support program contributed MAD6.3 million (€572,000) through CDG Invest, the investment arm of the Caisse de Dépôt et de Gestion Group. Bpifrance, Station F, and several business angels also participated in this fundraising.
The funding comes after three years of research and development. The startup, launched in 2021, claims more than 40,000 users, mostly companies and schools. It enables companies to map the skills of each employee, anticipate their training needs, and engage them in a personalized career based on their aspirations. The startup also plans to launch in Europe within 18 months.