Exclusive: TalentPool raises $1m in growth funding
TalentPool, a recruitment platform for startups and SMEs, has raised $1m (£670,000) in a growth equity round.
The London-based company’s round was led by Niche Invest.
Rich McNally, chief research and investment officer, at Niche Invest, told UKTN: “We’ve been very interested in the automated recruitment space for a while now and our research revealed TalentPool’s platform as a clear segment leader.
“After several meetings with the founders and an in depth due diligence process, we’re confident that we’ve found one of tomorrow’s major disruptors to the traditional recruitment market.”
“We’re growing our tech team, with a particular focus on applying machine learning to our already large dataset and existing matching algorithms. We have our first data scientist joining us next month from the trading algorithms team of a leading bank.
“At the same time, we’re growing our investment in marketing as we expand into new markets. We’ll be spending across a range of digital and non-digital channels, both to expand our membership of 65,000 candidates and also grow our brand amongst employers,” he commented.
Davenport noted that him and the team had spent the past two years focused exclusively on matching recent graduates with startups and SMEs. Demand from clients and his ambition to serve more sectors and experience levels has resulted in the company looking to disrupt the more experienced hires market.