Hive HR raises £1.2 million Series A investment led by Maven

Maven has led a £1.2 million investment into Hive HR (Hive). The innovative employee engagement Software-as-a-Service (SaaS) platform Maven co-invested alongside the North East Development Capital Fund, supported by the European Regional Development Fund, Growth Capital Ventures, as well as a network of private investors and management.

The funding will enable Hive to invest in its sales and marketing resource and create a number of new roles to deliver on its ambitious expansion plans, whilst support the roll out of a number of innovative product enhancements.

Hive is a cloud-based platform (www.hive.hr) that supports the HR function of organisations to help them improve employee engagement and communication. The platform collates and analyses employee feedback in real time and on a continuous basis, which serves to continually evolve and improve the HR function within a business, as well as helping to clarify and implement new policies and services for their employees.

The business already boasts an impressive client list across a number of sectors, including banking, government bodies, property and education. These include Hermes, Shop Direct, Travelodge, Tarmac, River Island and various NHS and public sector organisations. 

The cloud services market has grown rapidly in recent years and this shift is particularly prevalent in HR software with SaaS centric platforms set to increase from 28% globally in 2017 to 86% by 2022.

The workplace is constantly evolving, and organisations must remain dynamic to ensure more than ever that they are keeping their employees happy, motivated and engaged. The Hive platform helps remove the additional burden this is creating for HR and leadership teams and is helping them respond better and more quickly to employee feedback to deliver initiatives and services to help retain and motivate staff in what is an increasingly competitive environment. John has built an impressive senior management team around him and we are delighted to support the business as it enters an exciting new phase of growth.

Alex Marsh, Investment Manager at Maven

Hive has grown quickly in the last three years with very little capital. The whole team are now excited about what we will achieve with the additional backing from investors and are really pleased to welcome Maven as part of this round.

John Ryder, Managing Director at Hive HR


Temp secures £1.75 million Series A investment led by Hambro Perks

Tempo Secures £1.75 million in Funding with New Capital Raised by Hambro Perks and the team behind Thomson Online Benefits

LONDON, 1st May 2019 – Tempo, the intelligent, video-based hiring platform, has today announced it secured £1.75m in funding. This takes the company’s total funding to over £3m. The investment was led by Hambro Perks and Michael and Derek Jacobson, with participation from Chris Bruce and Michael Whitfield; the founders of Thomsons Online Benefits.

In just 2 years Tempo, founded by entrepreneurs Ben Chatfield and Ollie Povey, has effectively shown how technology can simplify recruitment processes. This year they have added Bulb Energy, OakNorth, Zellis and many others to an impressive client base, which includes Monzo, Uber, Babylon Health and 2,000 others. The company also has another 40,000 candidates on their platform, and have expanded to their second UK city, Manchester. With the funding, Tempo will be able to continue its aggressive growth, taking its platform to new markets and investing heavily in technology.

“Moving jobs or hiring a new employee should be the most exciting part of your professional life – it’s the start of a new journey and new opportunities. Unfortunately, most of us have been left jaded by slow, monotonous and demoralising recruitment processes and agencies,” said Ben Chatfield, CEO & Co-Founder at Tempo.

“It doesn’t need to be this way – our vision is to turn recruitment on its head. Today’s announcement means we can share our platform with more people. We can give job seekers more options, more direct access to the employers, and ultimately the opportunity for a job they truly love. It is a testament to the progress made by the Tempo team in building a platform that works for candidates and companies, and their demand for greater choice and control in recruitment.”

“Hambro Perks is delighted to back Tempo. We are excited by the company’s growth plans and its mission to reinvent the recruitment industry”, says Dominic Perks, founder of Hambro Perks

“Tempo’s platform is a game-changer and Chris and I are delighted to be on board,” said Michael Whitfield. “We all know that recruitment is fundamental to the success of every business in the UK, but until now it too often a slow and painful process. Tempo’s technology demystifies, streamlines and accelerates this process in one fell swoop and we are very excited at the prospect of them disrupting this sector in a way never done before.”

About Tempo

Tempo is the technology platform which uses machines learning and video to disrupt recruitment.

Employers on Tempo have slashed their time-to-hire from four weeks to three days, without sacrificing on candidate quality.

Since launch in 2017 Tempo has built a community of 40,000 candidates more than 2,000 employers.

For more information, please visit www.heytempo.com

More information For more information please contact: LEWIS for Tempo +44 (0)20 7802 2626 | Tempo@teamlewis.com

Source: https://www.heytempo.com/blog/posts/Tempo-Secures-%C2%A31.75-million-in-Funding-with-New-Capital-Raised-by-Hambro-Perks-and-the-team-behind-Thomson-Online-Benefits

LDC invests £17.6 million in leading early careers recruitment technology firm Amberjack

Amberjack, the UK’s market leading specialist in designing and delivering Early Careers and large scale recruitment programmes for blue chip organisations, has secured an £17.6 million investment from leading mid-market private equity investor LDC.

Based in Berkshire, Amberjack provides its specialist services and software products to many of the UK’s largest employers, with a particular focus on Early Careers candidates – specifically graduates, school leavers and apprenticeship programmes. It uses proprietary cloud-based software tools to automate processes, manage application volumes and provide data driven insights to help assess and select candidates and also provide a professional experience to candidates. Its clients include major organisations such as Unilever, GSK, Mars, Network Rail, BP, Heathrow Airport, Virgin Media Liberty Global and members of the Big Four.

LDC, the private equity arm of Lloyds Banking Group, has invested £17.6 million of equity to support a management buy-out and accelerate the business’s growth strategy, including providing capital to support investment in the software and technology propositions and help the business to explore complementary acquisitions to broaden its service offering.

Amberjack’s services and software supports over 300,000 people start their career every year, and the business has grown by more than 15% per annum since it was founded in 2000. Its expert in-house team have extensive knowledge and experience in designing and managing successful Early Careers and large scale recruitment programmes.

LDC is backing Amberjack’s existing management team led by Chief Executive Cynthia Bostock and Managing Directors Sophie Meaney and Cassie Sissons. The deal was led by LDC’s Investment Director Chris Baker, who will be joining the board as Non-Executive Director alongside Alastair Weinel. Paul Bosson will also be joining the board as Non-Executive Chairman. Paul brings extensive experience to the Amberjack team, having held executive and non-executive roles in multiple private equity backed software and services businesses.

Cynthia Bostock, Chief Executive at Amberjack, said: “Amberjack’s growth is testament to the fantastic service our teams provide to all of our clients and the increasing sophistication required in large recruitment campaigns and specifically for junior talent.

“We’ve grown Amberjack to become the undisputed market leader in our sector and are looking to expand our service offering even further with LDC’s investment. The support of an established private equity partner with comprehensive experience in helping firms that provide technology services will help us accelerate our ambitious growth strategy.”

Chris Baker, Investment Director at LDC in the South, said: “Amberjack offers a market-leading proposition that enables companies to be more sophisticated with their Early Careers and high volume recruitment campaigns and attract, identify and hire the best talent for their business.

“With Cynthia, Sophie and Cassie at the helm, it’s no surprise that the business is growing with increasing momentum and has built an enviable client list. We look forward to working with the team to continue to build on their exceptional achievements to date.”

The deal forms part of LDC’s pledge to invest £1.2billion of capital in ambitious high-growth firms over the next three years and follows a record year in 2018 for the mid-market investor, which invested £437million of equity in 23 new deals nationally.

LDC was advised by James Cowper Kreston, Gateley plc, HMT, Silxo and PMSI Consulting.

Amberjack was advised by Spectrum Corporate Finance and Clark Holt.

Article Footnotes

Notes to Editors

  1. LDC is the private equity arm of Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority.  
  2. LDC backs ambitious management teams from UK-based medium sized companies seeking up to £100m of investment to fund management buyouts or development capital transactions.
  3. LDC invests in a broad range of sectors and has particular experience in Healthcare, Industrials, Retail & Consumer, TMT, Travel & Leisure, Support Services, Construction & Property and Financial Services.
  4. LDC has a UK regional network with locations in Aberdeen, Birmingham, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, Newcastle, London, Manchester, Nottingham and Reading.  

Pickr raises £1 million funding from Episode 1

Digital staffing platform Pickr secures £1m to disrupt industrial recruitment market

04 March 2019 – Pickr, the digital staffing platform for utility service providers and workers, has raised £1m in a funding round from venture capital firm Episode 1, following investment by Angels including Nick Kingsbury last year. The new capital will be used to secure key senior hires and to expand Pickr’s existing talent cloud of skilled workers.

Founded in 2017, the Norwich-based company helps service providers in the £28bn energy and utilities sectors reduce the cost and time of building and managing a flexible workforce. Using machine learning and intelligent automation, customers can fill their temporary, on-demand, and short-term hiring requirements within hours,
saving thousands in recruitment agency fees.

Pickr, a 2019 National Technology Awards finalist, already works with some of the UK’s leading utility service providers, including Cellex, Defusion Utility Services, HAL Utilities, and KN Network Services. In the last year, over 4,000 shifts were managed via the platform with over £350,000 in wages paid out.

“Our customers win and lose contracts based on the speed at which they can scale their workforce. They need the right people with the right skills in the right place, often at short notice. If they can’t find them quickly, it can cost them dearly. We created Pickr specifically to solve this problem,” said Kane Halsey, CEO of Pickr.

“We’ve already built a community of the workers our customers need – from groundworkers and cablers to fibre splicers and works supervisors – which means we can fulfil pretty much any requirement quickly and at low cost.

“Our ultimate goal is to be the connector that everyone in the sector turns to, providing the best opportunities for the unsung heroes who work in all conditions to keep our economy moving and removing the pain and cost of resourcing for businesses in the supply chain.”

Adrian Lloyd, the Episode 1 Director, explained why he had backed the start-up: “The Pickr team knows its niche and has proven its business model. The company is solving a real problem much more cost-effectively than traditional recruitment agencies and has all the ingredients needed to disrupt the marketplace. Utilities is a big enough market in itself to get us excited, but Pickr has potential well beyond into all aspect of the industrial workforce.”

About Pickr
Pickr (https://pickr.works) is a digital staffing platform that helps utility service providers reduce the costs of building and managing a flexible workforce. Using machine learning and intelligent automation, customers can fill their temporary, on-demand, and short-term hiring requirements within hours, saving thousands in recruitment agency fees.

About Episode 1
Episode 1 (https://www.episode1.com) is an early-stage venture capital investor that manages a £60m Enterprise Capital Fund, investing between £250k and £1m into high potential software-based businesses with significant operations in the UK.

Contact
Erin Heenan (press@pickr.works)
+44 (0)1603 959730
www.pickr.works

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Beamery secures investment from Workday

Talent Engagement Platform joins the Workday Software Partner Program, and is selected by Workday for Beamery Talent CRM

20/02/2019 – Beamery, a leading talent engagement platform, today announced it has received a strategic investment from Workday Ventures and it will join the Workday Software Partner Program. In addition, Beamery also announced that the Workday Talent Acquisition team has selected Beamery products that help further its efforts to identify early-stage, passive candidates and are complementary to Workday Human Capital Management (HCM), including Beamery Talent Customer Relationship Management (CRM), Beamery Talent Marketing, and Beamery Pages.

Beamery’s mission is to help companies redefine the way they attract, engage, and retain top talent, helping deliver a better talent acquisition experience. The company has raised $40 million to date, experienced 300 percent growth in annual recurring revenue in the past 12 months, and has won a significant number of enterprise customers. Beamery’s platform combines Talent CRM, Talent Marketing, Automated Compliance, and a Connected Integration layer to enable enterprises to approach recruiting like customer acquisition – from outbound prospecting and pipeline building to targeted nurture and engagement.

Beamery’s technology enables companies to make smarter hiring decisions by deploying such things as large-scale data-mining, a 360-degree view of each candidate relationship, and machine learning algorithms to determine which prospects are most interested, in order to better nurture top candidates.

“We’re thrilled to join the Workday family as a Software Partner,” said Abakar Saidov, CEO and co-founder, Beamery. “The industry expertise that Workday brings to the table, combined with the product integration that shared customers will gain from our partnership, extends our position to help companies redefine the way they work with talent.”

“Two things really stood out to us when selecting Beamery – its expertise in targeting early-stage, passive candidates, and its technology, which complements and extends the industry-leading capabilities of Workday HCM,” said Charles Mah, vice president, global talent acquisition, Workday. “This partnership helps support our talent networking strategy focused on building stronger candidate relationships by understanding their interests and motivations, and then matching them with the right opportunities.” “Beamery and Workday share a commitment to deliver cutting-edge solutions that allow organizations to take a more strategic approach to talent acquisition” said Leighanne Levensaler, senior vice president, corporate strategy and managing director and co-head, Workday Ventures. “By partnering, Workday and Beamery will be able to help customers more effectively engage future talent with personalized experiences, so they can attract the best candidates in order to help their businesses grow and compete in the future.”

About Beamery

Beamery is the leading Talent Engagement Platform. It enables enterprises to attract, identify and engage candidates on one unified platform, to deliver better talent acquisition – at scale. Beamery’s mission is to help the world’s best companies acquire their greatest assets: their people. Founded in 2014, Beamery is one of the leading UK technology companies and trusted by global organizations such as Continental, Zalando, Shop Direct, Grab and Balfour Beatty. Beamery has offices in London, Austin, and San Francisco.

About Workday Ventures

Workday Ventures is the strategic investment arm of Workday, Inc., focused on accelerating the growth of emerging enterprise software companies that enhance the Workday customer experience and are complementary to Workday products and services. The $250 million fund was launched in February 2018 with investments in companies focused on areas such as machine learning, employee enablement, data and analytics, and robotic process automation.