Spott has raised a $21 million Series A led by Balderton Capital, while the recruitment software company says its revenue has grown more than tenfold since the beginning of 2026, The Next Web reported on 22 September.
Key points
- Base10 Partners, Y Combinator and Fortino joined the Balderton-led round.
- Spott plans offices in Sydney and New York, alongside AI agents for recruitment workflows.
- The company expects its workforce to grow from 44 to about 60 by the end of 2026.
Balderton backs Spott after $3.2 million seed
Base10 Partners, Y Combinator and Fortino also participated in the Series A. Spott’s previous funding was a $3.2 million seed round announced in March 2025, Pulse 2.0 reported. The company launched its core platform six months after that announcement.
Lander Degreve, Manu Vanderveeren and Samuel Smeys founded the Leuven-based company in 2024. Before starting Spott, the three had worked as consultants with recruitment businesses for McKinsey, Bain and BCG. Degreve is Spott’s co-founder and chief executive.
Degreve said their work with agencies exposed the time recruiters spent transferring information between older systems. He also described pressure on those businesses to reduce costs while making more placements.
Phil Chambers, a partner at Balderton, cited the founders’ experience of the recruitment industry and the speed of customer adoption in explaining the investment. His assessment rests on agencies taking up a product designed to replace several tools they already use.
Spott combines candidate records and outreach
Spott sells recruitment agencies applicant-tracking and customer relationship management software. Its platform brings candidate records, search, messaging, outreach and workflow automation together. Recruiters can search emails, CVs and hiring pipelines across databases containing up to 2 million records.
Recruitment agencies use applicant-tracking systems to follow candidates through hiring and CRM software to manage client relationships. They may also use separate tools for sourcing, correspondence, notes and scheduling. Spott’s product is built to handle those activities within the same system.
The company estimates that judgement accounts for only about one-fifth of a recruiter’s work, with administration and sourcing taking up much of the rest. Its software can assist with those tasks, but a recruiter must approve a candidate’s progression or presentation to a client.
Hundreds of agencies use Spott, including H.W. Anderson and CGP Group, The Next Web reported. H.W. Anderson has used the software to create more than 100,000 candidate profiles and make correspondence accumulated over years searchable.
Spott cites customer data indicating that placements can increase by up to 30 percent. That figure is a company-cited result, rather than a stated outcome for every agency using the platform. Pulse 2.0 reported that CGP Group, a 200-person recruitment business, has deployed Spott across 12 countries.
Sydney and New York offices follow overseas revenue
About 20 percent of Spott’s revenue comes from Asia-Pacific and 15 percent from the United States. The company plans to establish offices in Sydney and New York, giving it a presence in both regions where it already has customers.
The financing is also intended to fund additional functionality for enterprise customers and the development of AI agents. Spott plans for those agents to automate recruitment workflows and identify potential business opportunities for agencies.
Planned features would draw recruiters’ attention to open positions, monitor changes in candidates’ careers and recommend steps to take before a search begins. Those functions extend the platform beyond storing and searching agency records into identifying work a recruiter might pursue.
Spott expects to increase its workforce from 44 to about 60 by the end of 2026, with most of the hiring in engineering.
