Beamery closes Series B to expand across the world
Recruitment tech firm Beamery has raised $28m in Series B funding.
EQT Ventures led the round, which also drew support from existing backers Index Ventures, Edenred Capital Partners and Angelpad Fund.
The cash will be used to boost the company’s global expansion and will be also go towards additional R&D.
Beamery combines elements of customer relationship management (CRM) and marketing software with AI.
Set up in in London in 2014 by brothers and friends Abakar Saidov, Sultan Murad Saidov and Mike Paterson, the firm is seeking to lead the industry towards recruitment marketing. Notable customers tp date include Facebook, Continental, VMware, Zalando, Grab and Balfour Beatty.
Saidov, founder and CEO at Beamery, said: “Over the last decade, technology has drastically changed how we communicate, buy and engage with brands. Innovation in talent acquisition has traditionally lagged behind other areas of business and our mission is to create a paradigm shift in how companies interact and form relationships with talent.
“In doing so, we are building a new category of software in the HR Technology ecosystem that allows companies to create an agile and proactive recruitment model. We’re delighted to partner with EQT Ventures on this journey; they are a team of experienced entrepreneurs who share our vision and bring a tonne of expertise in helping businesses achieve global scale.”
Tom Mendoza, venture lead and investment advisor at EQT Ventures, went on to comment: “Beamery has a fantastic product, world-class high-ambition founders, and an outstanding analytics-driven team.
“They’ve been relentless about building the best talent CRM and marketing platform and gaining a deep understanding of the industry-wide problems. Across all sectors, there’s a shift towards proactive recruitment through technology, and Beamery is emerging as the category leader.
“EQT Ventures believes the team at Beamery has what it takes to become a global winner. Backing ambitious founders like Abakar, Sultan and Mike is precisely what EQT Ventures was set up to do, and we look forward to helping Beamery scale its business further using education from the EQT Ventures team’s operational experiences.”