French workforce management startup Skello has raised €200 million from Bridgepoint in an unusual deal structure where the company’s founders increased their ownership stake rather than being diluted.
The investment was led by Bridgepoint’s Development Capital V fund, with existing backers Partech and XAnge also reinvesting. What makes the round notable is that Skello’s co-founders Quitterie Mathelin-Moreaux and Emmanuelle Fauchier-Magnan grew their own equity position in the business.
Skello builds an AI-powered scheduling and HR platform designed for frontline workers, a segment that represents nearly 55 percent of Europe’s workforce and has traditionally been managed through paper or basic spreadsheets. The company was founded in 2016 by Partech alumni and has expanded from its Paris headquarters across France’s restaurant, hotel, and retail sectors before entering Spain, Belgium, and Italy.
The company is profitable and growing, which allowed its founders to negotiate from a position of strength. Bridgepoint becomes Skello’s largest external backer through this deal, with the founders describing it as a move that gives them the resources to accelerate European expansion and AI investments.
Skello’s platform helps managers build compliant schedules aligned with local labor regulations while giving employees mobile access to view shifts and request changes in real time.
