Munich start-up Retorio receives millions

In a current financing round of Retorio, an institutional investor from London is involved for the first time. The sum is apparently in the millions, the start-up does not provide more precise details.

The Munich-based start-up Retorio is bringing AI to the HR department, and is now receiving a sum in the millions in a financing round. Half of it comes from London fund Basinghall Partners, the first institutional investor. The other half from existing investors and a new private investor. Retorio plans to use the money to attract customers and develop its products.

"As a digital company offering a service that supports physical distances, we have weathered the crisis relatively well," says co-founder Christoph Hohenberger. Retorio was founded in 2018 as a spin-off from the Technical University of Munich. Using AI, it analyzes videos of job applicants, for example, to create a personality profile. This is intended to make the selection process more objective and fair.

"We are delighted to have added Retorio to our pool of digital enablers and are confident in the team's ability to position the company as a leader in its field with diverse potential use cases," said Andrew Irvine, founder and managing partner of Basinghall Partners. The fund focuses on B2B companies across Europe.