Software firm creates five jobs with Midlands Engine funding
A Leicestershire company which has developed a novel HR software platform has secured £250,000 investment from the MEIF Proof of Concept & Early Stage Fund, managed by Mercia and part of the Midlands Engine Investment Fund
StaffCircle says its platform helps clients to improve communication and feedback between employees in different locations, providing them with access to training, tasks and contacts within the company.
The firm says the equity investment will allow the company to create five new jobs, add further software features and launch a sales and marketing campaign.
Mark Seemann, StaffCircle chief executive, said: “Poor communications causes low morale and productivity, but is common within companies that have employees working from multiple sites. StaffCircle allows communications to flow through any device in any location, helping to empower and engage staff. This funding will allow us to further enhance the product and build our client base.”
David Baker, investment associate with Mercia Fund Managers, said: “With the growing trend for remote working, Mark and his team have created a unique platform that solves a real problem for employers. This investment will help them to establish StaffCircle’s position within the UK market with a view to overseas expansion in the long term.”