London-based Beamery secures £99M; aims to help business clients source, hire, and retain talent
Beamery, a London-based talent acquisition platform, has secured $138 million (approx £99 million) funding in Series C round, at a valuation of $800 million (approx £574 million).
The round was led by the Ontario Teachers’ Pension Plan Board (Ontario Teachers’) through its Teachers’ Innovation Platform (TIP). Other investors including, Accenture Ventures, EQT Ventures, Index Ventures, M12, and Workday Ventures, also participated.
337% annual revenue growth
The funding will be deployed towards extensive product development, accelerate commercial growth in existing and new geographies, and double its rapidly growing employee base.
The round comes after a record year for the company, which finished with 337% annual revenue growth in Q4 and surpassed one million roles filled on its platform during 2020.
Talent acquisition and retention
Founded in 2013, Beamery’s Talent Operating System helps organisations quickly identify and prioritise potential candidates that are likely to thrive at their organisation, reach diversity targets, provide better learning opportunities and career pathways for existing employees.
In the past 12 months, Beamery helped to fill one million roles in 12 months for clients including, AstraZeneca, Autodesk, Nasdaq, and Workday, as the company reports record growth.
Abakar Saidov, Co-Founder and CEO at Beamery added: “Changes to the way we work, shifting expectations of candidates, and the sheer pace of recruiting demands, have led organizations to rethink how they approach recruitment and retention. Enterprise talent teams are driving significant global transformation as they build towards this new future of work, and this investment will enable us to scale globally with growing demand and build the new category in enterprise technology.”
Olivia Steedman, Senior Managing Director, Teachers’ Innovation Platform (TIP) said: “Beamery’s best-in-class approach is already transforming how leading global companies recruit and retain talent. As companies accelerate their focus on developing their people and building more agile workforces, Beamery’s cutting-edge solutions and clear vision for transforming talent can provide a competitive edge. We’re excited to partner with them on this journey.”
Christie Smith, Global lead for Talent & Organization / Human Potential at Accenture said: “As a result of our successful working relationship with Beamery, as well as the company’s continued growth, we are excited to evolve our relationship further. Beamery is an innovator in this market and we believe they can help our clients transform talent recruitment, hiring, and retention.”