October 9, 2019 – Talent-matching platform TalentPool has secured an additional £1 million to develop the firm’s advanced candidate-matching and talent pool technology. The bespoke software solutions are designed to help public and private sector employers streamline their recruitment processes.
The investment round is for TalentPool’s Alvius, the new Software as a Service (SaaS) division. It was led by Joe Saumarez Smith, an original investor in TalentPool and a well-known investor in early-stage disruptive technology companies.
The funds will be used to expand Alvius, which is designed to help recruiters build talent platforms. By automating key processes like application filtering and using the latest data science techniques to match candidates to suitable roles, Alvius can streamline the recruitment process, saving time and money.
“We have seen with TalentPool how technology can take the pain out of hiring,” said Andrew Lavelle, co-founder of TalentPool and Alvius managing director. “Now employers can use our software to create their own talent platforms, replacing slow and inefficient sourcing and selection processes and matching great talent with current opportunities in a fraction of the time.”
Richard Boggis-Rolfe, chair of Odgers Berndtson, and Belinda Brooke, former legal director of both Michael Page and Morgan Hunt, recently accepted advisory roles at TalentPool. Stephen Warrington, former group strategy director at Barclays, also recently became the chair of Alvius.
“TalentPool is positively disrupting the recruitment industry,” Mr. Boggis-Rolfe said. “It brings new technology to recruitment, successfully matching graduates and businesses. TalentPool’s bespoke candidate-matching algorithm is tailored to aid small and medium-sized businesses, matching their roles with the best candidates through the use of hard data.”