Despite COVID-19, the UK is still the unicorn capital of Europe. Technology investment soared to over £10bn in 2019, more than Germany and France combined. Furthermore, UK investment in early-stage companies is currently £3.9bn across 77 unicorns with three digital tech unicorns in Yorkshire alone.
At the same time, businesses are demanding better solutions to help them cope with various challenges including the virus pandemic. Especially, when investments are hard to come by at the moment, and with many young entrepreneurs starting out, the time has never been more important to have vital support.
To support these next breed of ‘work tech’ entrepreneurs, Sheffield-based leading recruitment software provider Tribepad has launched Tribepad Ventures which will serve as an incubator and accelerator for new companies in the HR technology space. The company has also announced its plans to place Sheffield at the centre of work-tech innovation, with the launch of and support of a £1 million fund.
Backs new companies in HR tech space
Tribepad Ventures intends to attract work tech businesses at the incubator and accelerator stages. It will provide these businesses the necessary advice to refine their ideas, scale the technology and build out business plans. Also, these companies will get access to seed capital, technical support, and business coaching.
Alex Raubitschek joins Tribepad founders Dean Sadler and Dan Kirkland on the board of Tribepad Ventures. Alex will lead Tribepad Venture’s investment committee and offer strategic oversight to companies within the ecosystem.
Commenting on the launch of Tribepad Ventures, Dean Sadler explained: “Through Tribepad Ventures we want to offer budding entrepreneurs our tech expertise, world leading enterprise-level technology, and anonymised data on millions of job applications to create the work-tech of the future. We want to work with new companies to help change the face of business productivity and employee experiences at businesses large and small, while driving and establishing Sheffield at the centre of tech excellence.”
Serves best-known UK organisations
Tribepad was founded by Dean Sadler and Dan Kirkland in 2008 in Sheffield. Its software helps organisations save time and money in the recruitment process while delivering great user experience.
Tribepad’s Applicant Tracking System, Video Interviewing and job board solutions are used worldwide by over 25 million candidates across 16 languages. It serves some of the UK’s best known organisations including The BBC, Tesco, NHS, KFC, Sodexo, Serco, G4S and The Church of England. It gained ‘Made in Sheffield’ status and achieved Cyber Essentials Plus accreditation in 2017.