HR platform to create ten jobs after raising £5m from investors
A fast-growing Leicester-based HR software platform which helps to manage remote workers is set to create 10 new jobs after raising a further £3m from its existing investors.
StaffCircle received the funding from Blackfinch Ventures and the MEIF Proof of Concept & Early Stage Fund, bringing the total amount the firm has raised up to £5m.
The company almost tripled its annual revenue to more than £800,000 in the previous financial year and is now on course to break through the £1m barrier.
Its clients include the Food Standards Agency, finnCap, housing associations and NHS bodies.
Mark Seemann, founder and CEO of StaffCircle, said: “With hybrid working here to stay, companies need the right technology to manage and motivate teams in different locations. StaffCircle is helping an ever-increasing number of organisations to keep their employees connected and improve productivity. We are delighted to have continued support from our existing investors. The latest funding round will help us to build momentum and take the company to the next level.”
David Baker, investment manager at Mercia, which manages MEIF, added: “StaffCircle’s focus on managing remote workers has helped to differentiate it from competitors and achieve significant growth. The company has already gained significant traction in the market, and this latest investment will take it closer to its goal of becoming the leading end-to-end provider of employee experience software.”
