Data benchmarking platform HR DataHub has raised a £1m seed round led by the Angel CoFund and backed by an angel syndicate of seasoned HR experts. These include Chris Bruce and Michael Whitfield, founders of Thomsons Online Benefits; Oliver and Ben Black, founders of My Family Care and Tinies businesses; and HR DataHub’s new Chairman, Ian Dyke.
The funding will be used to further develop and scale the platform both domestically, and internationally.
HR DataHub is already working with some of the UK’s largest companies, such as, Thames Water, Next plc, GVC Holdings plc and DS Smith plc to provide objective, unbiased data-led insight for all areas of HR.
HR DataHub gives business leaders direct access to a unique proprietary database sourced from 250+ companies, that allows clients to track, measure and take action on all HR issues, including diversity and inclusion, employee relations, recruitment, engagement, learning and development, and reward. The 250+ companies signed up to date represent over four million employees, covering all major sectors.
David Whitfield, the MD of HR Datahub, commented: “Our vision is for any size company, in any sector, to have access to business-critical HRdata. We aim to help all clients navigate some of the most difficult employment issues that they are facing today.
“Our platform can be instantly transformative to clients, as well as delivering material cost savings to businesses of all sizes. We are delighted to have such a strong, experienced and engaged syndicate of angel investors, as well as the Angel CoFund on board to help us capitalise on the huge growth we are seeing.”
George Whitehead, Partner at The Angel CoFund commented: “One of the most important quotes in business management is, ‘If you can’t measure it, you can’t improve it’, and HR DataHub gives businesses of all sizes the ability to do just that.
“David has attracted a syndicate of hands-on, sector smart investors who have a huge depth of experience in scaling HR technology businesses. With this world class team, HR DataHub has the ambition and potential to revolutionise how companies benchmark their employee data. We are excited to see the next steps of the platform and company come to fruition.”
Chris Bruce, lead angel investor, commented: “Closing a funding round during a period of economic downturn and global turmoil is testament to how ground-breaking the technology the team at HR DataHub team have created is.
“Its market traction is proof of how much this data is needed in the corporate world. David and his team have created a truly innovative product that can fundamentally change how companies organise their workforce.”