Balderton Capital leads the round as Spott says Australia has become one of its fastest-growing markets, with more than 50 local agencies now on the platform.
Spott, an AI-native applicant tracking and CRM platform for recruitment agencies, has raised $29.5 million in Series A funding led by Balderton Capital, with Base10 Partners, Y Combinator and Fortino also participating. The company is opening a Sydney office as part of the raise.
The round follows a $3.2 million seed raised by the Leuven-founded company, which closed Y Combinator’s Winter 2025 batch before that earlier raise was announced. Base10 Partners led the seed, with Y Combinator, Fortino, True Equity and angel investors also participating, according to Spott and reporting at the time.
Spott was founded in 2024 by Lander Degreve, Manu Vanderveeren and Samuel Smeys, who say they identified the problem while working with recruitment businesses at McKinsey, Bain and BCG. The platform combines candidate management, search, conversation capture, outreach and workflow automation in a single system, aiming to replace the mix of ageing ATS, CRM and point tools many agencies currently run.
Australian growth cited as a factor in Sydney expansion
Spott says more than 50 Australian recruitment agencies use its platform, including Keymoves and Perks People Solutions, and that the Asia-Pacific region accounts for roughly 20% of its sales. The company describes Australia as one of its fastest-growing markets and says the new Sydney office will let it provide local, in-timezone support to those customers.
“Australia has been one of our fastest-growing markets this year, with more than 50 recruitment agencies already using Spott,” said Sander Crijns, Spott’s Australian general manager. “Opening in Sydney means we can work alongside our customers in person, support them within their time zone and respond more closely to the needs of the Australian recruitment market as we continue to grow.”
These customer and market-share figures are Spott’s own and have not been independently verified.
Revenue and placement claims
Spott says it has grown revenue more than tenfold since the start of 2026, and that its customer data indicates the platform can lift placements, and therefore agency revenue, “by up to 30%.” The company points to H.W. Anderson, which it says used Spott to make more than 100,000 candidate profiles and years of historical conversations searchable.
Both the revenue multiple and the placement-uplift figure are vendor claims made by Spott and have not been verified against independent data.
What the funding will be used for
Spott says the capital will fund further international expansion, including a New York office, and grow headcount from 44 to around 60 by the end of the year. It also plans to expand engineering capacity and build out “agentic” AI features intended to proactively surface vacancies and candidate career moves, subject to human approval before any candidate is moved into a pipeline or presented to a client.
Phil Chambers, a partner at Balderton Capital, said the firm backed the founders’ “technical ambition to rebuild recruitment’s core infrastructure,” citing customer adoption speed as evidence of product-market fit, a characterisation from the lead investor rather than an independently verified metric.
Sources
- Spott
- Spott press announcement
- VentureBeat, “Spott’s AI-native recruiting platform scores $3.2M to end hiring software chaos”
- Lander Degrève, LinkedIn
- Sander Crijns, LinkedIn
