About The Selection Lab
The Selection Lab is a company based in Amsterdam (Netherlands) founded in 2018 by Jordi Wippert and Lotte Welten.. The Selection Lab has raised $1.68 million across 2 funding rounds from investors including Borski Fund and Arches Capital. The Selection Lab offers products and services including Soft Skills Assessments, Intelligence Tests, Hard Skills Assessments, Game-Based Assessments, and AI-Powered Assessments. The Selection Lab operates in a competitive market with competitors including MeritTrac, Aspiring Minds, Cappfinity, TestGorilla and Mikiwame, among others.
- Headquarter Amsterdam, Netherlands
- Founders Jordi Wippert, Lotte Welten
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.68 M (USD)
in 2 rounds
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Latest Funding Round
$1.32 M (USD), Seed
Oct 11, 2023
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Investors
Borski Fund
& 1 more
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Employee Count
Employee Count
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Products & Services of The Selection Lab
The Selection Lab offers a comprehensive portfolio of products and services, including Soft Skills Assessments, Intelligence Tests, Hard Skills Assessments, Game-Based Assessments, and AI-Powered Assessments. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tools for assessing communication, teamwork, and problem-solving skills.
Exams for critical thinking and cognitive abilities.
Tests for expertise in areas like programming and logistics.
Engaging games to measure adaptability and decision-making.
AI tools for unbiased candidate insights and interviews.
Unlock access to complete
Funding Insights of The Selection Lab
The Selection Lab has successfully raised a total of $1.68M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.32 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.3M
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First Round
First Round
(11 Mar 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Seed - The Selection Lab | Valuation | Borski Fund | |
| Mar, 2021 | Amount | Seed - The Selection Lab | Valuation | Arches Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in The Selection Lab
The Selection Lab has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Borski Fund and Arches Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are made in diverse, gender-balanced teams.
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Founded Year | Domain | Location | |
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Investment in early-stage B2B software companies in the Benelux region.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by The Selection Lab
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - The Selection Lab
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The Selection Lab Comparisons
Competitors of The Selection Lab
The Selection Lab operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MeritTrac, Aspiring Minds, Cappfinity, TestGorilla and Mikiwame, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Assessment solutions are provided for enterprises and educational institutions.
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| domain | founded_year | HQ Location |
AI-based assessments for enterprise candidate skills are provided.
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| domain | founded_year | HQ Location |
Cappfinity is recognized as a leader in talent acquisition and management solutions.
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| domain | founded_year | HQ Location |
Cloud-based software for pre-employment testing and recruitment automation is offered.
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| domain | founded_year | HQ Location |
Cloud-based aptitude and personality test platform for enterprises
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on The Selection Lab
Frequently Asked Questions about The Selection Lab
When was The Selection Lab founded?
The Selection Lab was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is The Selection Lab located?
The Selection Lab is headquartered in Amsterdam, Netherlands.
Who is the current CEO of The Selection Lab?
Lotte Welten is the current CEO of The Selection Lab. They have also founded this company.
Is The Selection Lab a funded company?
The Selection Lab is a funded company, having raised a total of $1.68M across 2 funding rounds to date. The company's 1st funding round was a Seed of $356.94K, raised on Mar 11, 2021.
What does The Selection Lab do?
The Selection Lab was founded in 2018 in Amsterdam, Netherlands. Recruitment management software is offered to enterprises in the HR technology sector. People analytics are incorporated, along with personality and cognitive tests for candidate evaluation. Visual reporting and fit scores are generated to assess job suitability. Integration with applicant tracking systems and HR platforms is enabled to support operational workflows.
Who are the top competitors of The Selection Lab?
The Selection Lab's top competitors include MeritTrac, Cappfinity and Mikiwame.
What products or services does The Selection Lab offer?
The Selection Lab offers Soft Skills Assessments, Intelligence Tests, Hard Skills Assessments, Game-Based Assessments, and AI-Powered Assessments.
Who are The Selection Lab's investors?
The Selection Lab has 2 investors. Key investors include Borski Fund, and Arches Capital.
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