“We are making this investment with the belief that the changing job market will force us to reinvent how we find talent and retain it in the long term, above all in the IT sector,” says Novabase Capital Director Maria Gil.
Established in 2013, CBT is a company specializing in the recruitment of hard-to-find engineers, programmers and multi-lingual agents. It operates in the European market, where it has customers in 17 countries, and helps companies looking for skills in short supply due to strong global demand.
“This partnership will leverage CBT’s growth by allowing it to offer new solutions to its international customers in the area of outsourcing, capacity services and nearshore,” says Ricardo Nobre, CEO and founder of CBT.
CBT has 20 employees based in Lisbon, Porto, Évora, London and Berlin, together with more than 100 contract workers (remote recruiters). It recently received two seals of excellence from the European Commission,and was ranked among the 10 best practices in Europe in the area of Labour Mobility.
This transaction will strengthen the portfolio of Novabase Capital which, since 1993, has already backed dozens of enterprise projects with high potential to enhance its first rounds of financing. In 2017 alone, Novabase Capital’s investment portfolio had a turnover of €45 million.