CEO / Partnership Investor – Management Buy-in

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Logo of Penguin Formula

Penguin Formula

51 - 200 employees

Founded 2016

🎯 Recruiter

☁️ SaaS

IT Solutions • Recruitment • SaaS

Penguin Formula is a company specializing in providing highly skilled and communicative IT professionals to help clients build customized software products. Founded based on the recognition of a shortage of developers in the Dutch market, the company started by recruiting Portuguese developers and has since expanded its recruitment efforts to Brazil and South America. Penguin Formula offers nearshore and offshore IT solutions and prides itself on building dream teams for various enterprises. The company also develops specific SaaS and AI solutions, such as LetShare EMS for event management and PIAF, an AI-based chatbot. With a mission to connect the best software developers to its clients, Penguin Formula focuses on growth through innovation and quality assurance in software delivery. They are headquartered in Lisbon with additional offices in Amsterdam, aiming to be a leading player in the European IT market.

📋 Description

• lead GovConnect’s strategy, operations, market positioning, and growth • work closely with the founding team and the broader LetShare Group • Define and own GovConnect’s vision, mission, and long-term growth strategy • Position GovConnect as a trusted solution within the government and public-sector ecosystem • Lead public-sector sales strategy, pilot programs, and institutional partnerships • Navigate procurement processes, stakeholder alignment, and long sales cycles • Build strategic relationships with government entities, agencies, and municipalities • Work closely with product and technology teams to ensure the platform evolves • Oversee day-to-day operations, budgeting, and performance tracking • Ensure sustainable financial planning and scalable operating models • Build and lead the leadership team as the company grows • Represent GovConnect and the LetShare Group with partners, institutions, and investors

🎯 Requirements

• experience building or scaling B2B, GovTech, or enterprise SaaS companies • comfortable operating in complex, regulated environments • fluent English • Proven experience in business leadership, growth, or commercial strategy • Understanding of public-sector or enterprise procurement environments • Strong communication and stakeholder management skills • A pragmatic, execution-driven mindset with long-term vision • Willingness to take ownership and accountability at company level

🏖️ Benefits

• Meaningful equity participation aligned with long-term value creation • Competitive compensation structure based on experience and contribution • Performance-based incentives linked to company growth milestones

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