Talent mobility platform MOVE Guides has raised $8.2m in Series A investment as it expands to Hong Kong and continues to take on the $15bn talent mobility industry.
The London-based startup helps companies manage the movement of talent. The cloud platform streamlines the processes involved in moving staff, including managing payments, setting budgets and allowances, and tracking the move.
The investment has been led by New Enterprise Associates and also involved existing investor Notion Capital. It brings the total raised by the company to over $10m.
Making moving easier
MOVE Guides was founded by Brynne Herbert after her own personal experience working abroad as an investment banker.
Herbert believes that cloud-based mobility software is the answer to the “huge pain point for HR departments” of talent mobility.
Over the next 3-5 years, 75% of companies expect to increase their volume of mobile employees – yet just 2% consider their global mobility function world-class today.
The service works for both those who are relocating for a job and those who are undertaking temporary jobs around the world.
The alternative
Traditionally, companies have outsourced their mobility programs or managed it with in-house teams.
The startup claims to offer the perfect solution to both, and boasts a service that delivers up to 30% more efficiency for HR teams and 99% employee satisfaction.
MOVE Guides operates across more than 150 locations with offices in London, New York, San Francisco and most recently Hong Kong.
NEA partner Ravi Viswanathan will join Notion Capital partner Jos White on the MOVE Guides’ Board.