The new year has barely begun, and we, the European Super Angels Club are glad to announce the next exit of the syndication fund EXF Alpha’s portfolio company Firstbird. The Vienna-based scale-up is being acquired by U.S. leader in recruiting tech, Radancy. This merger paves the way for a global roll-out.
Firstbird is the world’s leading provider of SaaS-based employee referral programs for enterprises. With Firstbird, employees become brand ambassadors and referrals become a company’s most successful recruiting channel. Firstbird has extensive experience implementing employee referral programs in companies around the world such as McDonald’s, Arvato Bertelsmann, and Deloitte and provides the technology, strategic advice, and service in all areas that make up the long-term success of a referral program.
The three-person founding team of CEO Arnim Wahls, Matthias Wolf, and Daniel Winter will remain invested in Radancy and look forward to increased growth potential in Europe and the U.S. thanks to strategic synergies.
“2021 was an extremely successful year, we were able to increase our new customer revenue by 150 percent compared to the previous year and are now facing a decisive strategic step to further scale our business overseas. By 2025, together with Radancy, we want to expand our number 1 position as the world’s leading provider of digital recruiting programs. Great thanks go to our long-term investors and all business angels who have accompanied us on our path to success so far,”
said Firstbird CEO Arnim Wahls.
Michelle Abbey, President, and CEO of Radancy, is also optimistic about the joint future:
“Right from the start, I knew that Firstbird met all the criteria for us. The people on the team, the technology, and the opportunity to further expand Radancy’s reach in the DACH market make this a perfect combination. I look forward to seeing how this addition to our recruiting platform changes talent acquisition for the better.”
The company will henceforth operate under the name Firstbird, a Radancy Company, and will continue to be managed by its Chief Executive Officer Arnim Wahls, based in Vienna. The parties have agreed not to disclose the purchase price until the closing of the deal.