Blackfinch Invests in Human Resources Software Platform Provider StaffCircle

The company provides a work platform which improves internal communication and feedback

Blackfinch has invested c. £670k with additional investment from Mercia Asset Management into Leicester-based company StaffCircle, founded in 2017. StaffCircle is a communications, performance and culture platform that enables companies to manage employees across many locations.

With the recent development of many people in the UK working from home due to the coronavirus outbreak, StaffCircle offers a viable solution. Aimed at medium to large organisations, its cloud-based software provides business owners and management with a streamlined approach to employee communication, ensuring performance and feedback can be achieved remotely.

Richard Cook, CEO and Founder at Blackfinch, said: “StaffCircle clearly has tremendous potential and we’re delighted to be backing it at such an early stage.”

StaffCircle gives companies the ability to connect digitally with every worker, as well as drive better performance through objectives and appraisal management. Its platform makes for easy access to training, ideas, tasks and company directories. These can be delivered to staff on a smartphone, tablet or PC.

In using StaffCircle, businesses have an efficient, collaborative and transparent way of managing employees and monitoring productivity. These core qualities, along with the ability to carry out tasks such as setting key performance indicators, booking annual leave, creating personal development plans and instant alerts, provides employers with a 360-view of staff.

CEO of StaffCircle, Mark Seeman, explains: “The mission for StaffCircle is simple – to capture collaboration between staff at all levels. Quite often, businesses grow and communication breaks down. It’s exactly what happened to me over the years and that’s how StaffCircle was created. This platform is about interacting with staff and at a time like this, it’s also about maintaining communication.

We are excited to be working with the Blackfinch team, who recognise the platform’s potential, particularly in the current environment. With their support we can capitalise on growth opportunities in the market by delivering an even wider range of services.”

The investment from Blackfinch will enable StaffCircle to continue to develop platform features and expand its offering to customers with a robust 2020/21 product roadmap. 

Blackfinch is an established provider of Enterprise Investment Schemes (EIS). Backed by expertise and a broad network of relationships, the Blackfinch Ventures EIS Portfolios bring access to EIS tax benefits, along with the prospect of significant returns for investors.

For further information

Please contact:
Elly Holliday: [email protected] / 01452 717772

Notes to editors: Total investment – £679,456.52

About Blackfinch Group

Blackfinch is an award-winning investment specialist and trusted provider working in partnership with advisers. With a heritage dating back 25 years, Blackfinch brings significant experience. Its businesses cover tax-efficient solutions, early stage investing, managed portfolio services and property financing. Blackfinch is entrusted with over £350 million in assets under management and administration.

About Blackfinch Ventures

Blackfinch Ventures invests in innovation. It targets high-growth opportunities, supporting start-ups and early-stage businesses with technological potential. The focus is on disruptive businesses, offering products that address real-world needs, with the capability to make an impact in global markets.

About StaffCircle

The mission of StaffCircle is to unify communications, performance and culture in the workplace for our customers. CEO Mark Seemann previously founded three earlier businesses. Their fast growth and distributed
workforce illustrated how hard it was to manage consistent internal communications, ensure adequate performance management and processes, drive employee development plans, and the difficulty in maintaining a consistent culture. There was no single software solution available to help managers solve this, so in 2017 StaffCircle was created.

Coverage by Mercia: https://www.mercia.co.uk/news-media/news/2020/may/6/hr-software-company-closes-second-funding-round/