Teacher recruitment platform secures follow-on investment
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Stoke-on-Trent-based The Supply Register (TSR) has secured further funding from venture capital firm Midven through the Midlands Engine Investment Fund (MEIF).
The company, which has created an online teacher recruitment platform, is using the funding to accelerate the next phase of its growth as schools return and Covid-19 restrictions ease.
An existing portfolio company of Midven, The Supply Register will also use the investment to make several key hires, supporting its ambitious development plans.
Founded in 2016 by Baljinder Kuller, The Supply Register’s aim is to transform recruitment in education through a cloud-based solution.
The recruitment platform offers real-time, direct connections between schools and educational professionals, reducing administrative and financial costs.
The initial investment from Midven and MEIF helped The Supply Register to expand its customer base by broadening its geographical reach into new regions.
The follow-on investment will see the recruitment platform provider boosting its efforts ready to support schools in post-pandemic recruitment.
Baljinder Kuller, founding director of The Supply Register, said: “Despite the challenges of the past 12 months, The Supply Register continues to attract education leaders that are seeking a better way to manage their supply cover recruitment. We have continued to implement our solution further in existing territories while expanding into new ones.
“The continued support and further investment from Midven will allow us to innovate further and grow our customer-facing teams with the best education recruitment talent to support schools and education professionals who are increasingly using our portals.”
Giovanni Finnochio, investment director at Midven, said: “We are pleased with the progress that The Supply Register has made during the last fifteen months. Despite a global pandemic which has impacted schools and education, the overall demand for The Supply Register’s supply teaching management software has grown. It is reassuring to see The Supply Register grow its customer base during a phase of global economic uncertainty. This funding will enable the company to continue its growth strategy and follow its plan.”