The Leuven-based AI platform Spott has raised 21 million dollars in a Series A round led by the British firm Balderton Capital. The scale-up, which focuses on recruitment and selection agencies, has seen its revenue increase tenfold since the beginning of this year and intends to use the capital for further international growth.
In addition to Balderton Capital, existing investors Base10 Partners, Y Combinator, and the Belgian firm Fortino Ventures are also participating in the round again. Spott currently has more than forty employees and expects to grow to approximately sixty by the end of this year, spread across offices in Leuven, New York, and Sydney.
AI in every step of the recruitment process
Spott offers recruiters a single workspace in which they manage candidates, vacancies, and clients, with AI integrated into every step. The platform collects emails, CVs, and files, making them automatically searchable. Furthermore, conversations conducted by recruiters are summarized and recorded.
The platform also actively searches for new companies and opportunities. If a consultant spoke with a candidate for a different vacancy months ago, that person will automatically reappear as soon as a suitable opening arises. Negotiating and assessing the personal connection with a candidate remains a human task.
From consultancy to fast-growing scale-up
Founders Lander Degrève, Manu Vanderveeren, and Samuel Smeys met eight years ago as business engineering students at KU Leuven. As consultants at McKinsey, Bain, and BCG, they encountered outdated and fragmented technology in the recruitment sector. Y Combinator awarded them 500,000 dollars to build an initial product, and in March 2025, Spott had already raised 3.2 million dollars in a seed round.
Since the beginning of this year, Spott’s revenue has grown tenfold, with more than three-quarters coming from outside Belgium. Clients such as United Consulting, CGP Group, and H.W. Anderson use the platform today and achieve up to 30 percent more placements. With the new funds, Spott is expanding its development team and building proactive AI features that automatically surface vacancies and career steps.