Learned
“Can a Dutch HR-tech vendor own the continuous performance + rewards loop for European mid-market employers?”
Founded2018
HQUtrecht, Netherlands
FoundersRick, Paul, Joost
Total raised$1.6M
Latest roundVenture Round, 2022
IndustryVertical SaaS / HR Performance Management
The story
Learned is a Dutch HR SaaS company building an AI-powered performance management platform (job matrix, reviews, 1:1s, development goals, surveys, HR reporting). It sells only to organizations in Europe and integrates with HRIS/payroll tools like AFAS and Nmbrs. There is no embedded finance in the product — no payments, banking, lending, card issuing, or insurance — beyond ordinary Stripe-like SaaS billing (not disclosed) for its own subscription revenue.
Last 12 months
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Product timeline
2018
Learned founded in Utrecht by Rick and his brothers Paul and Joost to build a performance management platform.· pivot
2022
Raised ~$1.6M venture round led by Arches Capital.· funding
2025
Expanded AI features (feedback capture from email/Slack/Teams, voice-to-text in evaluations) under EU AI Act AIIA.· product
The stack
1 layer disclosed in Learned’s embedded-finance stack
Accounting
Accounting gap: none