Recruitment tech startup Inploi has raised £1.35m for its software as a service (SaaS) platform for the labour marketplace.
Founded in 2016, the company describes itself as “Shopify for hiring”. Inploi’s software is used by recruiters and hiring managers to source new talent.
Users can run targeted hiring campaigns to reach new audiences across social media, search engines, job boards and aggregators. The Inploi platform can be used to design new recruitment campaign assets and advertising.
“We’re grateful to new and existing investors who have backed us as we switch gears from finding product-market fit to scaling,” said Inploi CEO Matt de le Hey.
“Our unique approach of augmenting and modernising existing systems rather than replacing them – in addition to the close relationships we develop with customers as an innovation partner – has yielded extraordinary results, leading to 100% of our customers renewing across multi-year agreements.”
Hey said that over a million candidates have already engaged with the Inploi platform this year.
The funding came from several angel investors in the recruitment industry, along with Joshua Nott, manager of Schmidt Futures, and Ziyaad Aboobaker, a partner at 10x Value Partners.
“The Inploi team exhibited amazing agility in pivoting their model to providing software as a service and is now partnered with a growing number of major blue-chip brands,” Aboobaker said.
“Inploi’s solution is perfectly positioned to address one of the biggest challenges facing companies today – attracting the people they need to operate effectively in a historically tight labour market – bringing the latest technology to an outdated market ripe for innovation. I am excited to have invested again to support them on their scaling journey.”
Following a handful of earlier rounds, Inploi has now raised a total of £4.4m.