Recruitment tech startup Beamery lands $5m

Beamery, a recruitment tech startup, has raised $5m (£4m) in funding from Index Ventures with the participation of Endred Capital Partners, GP Ventures and LocalGlobe.

Based in London, the firm says it will use the funding to double its staff roster and open new US offices, while maintaining its UK branch’s product development and engineering strength.

Beamery seeks to help businesses reduce the time and monetary expense of conventional recruitment through a combination of customer relationship management (CRM), marketing software and artificial intelligence.

The firm enables clients to build relationships with talent, for instance by showing them how to actively target strong candidates whose names might not appear on traditional headhunters’ lists.

The startup claims to have reduced the amount its customers spend on hiring by 39% and the length of time dedicated to this process by 31%.

“In the modern economy, companies are starting to recognise that creating a world-class talent function is one of the most important differentiators to their success,” said Abakar Saidov, Beamery CEO and co-founder. “Beamery transforms how businesses interact with talent, and is a primary system of record for this relationship.”

The firm said its current customer base includes businesses such as Facebook, Dropbox, VMware and Dennis Publishing alongside retailers such as House of Fraser and Shop Direct.

Courtney Erin, head of global leadership recruiting at Facebook, said: “Beamery is a global tool that will allow us to capture everything and improve our strategic advantage for years to come.”

The news comes after Beamery closed a $2m Seed round in June last year.