Hiring-Hub.com raises £425k to boost growth
ONLINE recruitment portal Hiring-Hub.com, the Manchester business seeking to disrupt the way companies take on staff, has completed a £425,000 fundraising.
The business has raised the money through new equity crowdfunding platform, VentureFounders, which connects investors to early-stage companies that are ready to scale-up
Launched in 2011 by Simon Swan and Sara Jones, Hiring-Hub.com has won multiple awards – including TheBusinessDesk.com’s North West Business Masters award for Innovation in 2013, for its unique recruitment marketplace model, which helps companies find and work with independent recruitment agencies online.
Based on Hilton Street in Mancghester city centre, Hiring-Hub serves over 500 companies in the private and public sector, allowing them to upload their vacancies and choose specialist recruitment agencies from its 800-strong network, who compete to fill each vacancy for a fee the employer sets.
The investment takes Hiring-Hub.com’s total funding to £925,000 and will be used to further develop its online platform, and accelerate sales and marketing activity.
Co-founder and director Simon Swan said: “We have grown quickly but manageably over the last 12 months and took our time to find the right funding solution. The fundraise will allow us to invest in our core technology, grow our sales team and double marketing efforts in 2015.”
VentureFounders sourced the funds for Hiring-Hub.com’s investment from 23 investors in 38 days, with investments ranging from £2,500 to £100,000.
James Codling, chief executive of VentureFounders said: “We were drawn to Hiring-Hub.com because of its innovate business model and high calibre management team. We believe it will really shake up the recruitment industry in the UK, and beyond.”
