50skills Raises €2.5M in Funding

50skills, a Reykjavik, Iceland-based provider of an HR SaaS and new-hire onboarding solution, raised €2.5M in funding. Frumtak Ventures led the round. The funds will be used by the company to expand its solution to global markets. Its first target industries are high-turnover in the UK and Nordics. 50skills, headed by Kristjan Kristjansson as CEO, is an HR software company that provides efficient technology solutions to enterprise employers in high-turnover sectors. The system streamlines onboarding processes, creating tools and services, leveraging the team’s experience in the recruiting, HR and new sectors. 50skills centralizes employee data, eliminating repetitive data entry tasks across multiple systems and integrating with the tools and services employers already use such as Slack, Asana and Jira, among others. The company already has employees at customer organisations using the platform across over 20 countries and works with brand name employers in Iceland such as Icelandair, PLAY Airlines, Securitas, IKEA, Vodafone, Enterprise Rent-A-Car and Domino’s.