Silicon Valley Bank provided the venture debt financing to support the company as it targets further growth.
"Arctic Shores is an exciting Manchester-based innovation company, and it has been great to be able to support them on their impressive journey of rapid growth. We look forward to a continued partnership with the team as they look to scale further."
The financing round was led by Cerebrum Tech with participation from OxBridge Angels and prominent industry figures.
"having managed over 10,000 hiring processes in previous roles, the efficiency that gigl brings is game changing. No more generic CV’s, no more backwards and forwards messages to organise interviews, and every candidate that applies is highly informed of the role and really wanting to work there."
— Dan Hudson, talent acquisition specialist and CEO
The funding round was led by 24Haymarket to support international growth and product expansion.
"Despite the global pandemic, we have been able to continue along an accelerated growth trajectory by being flexible, and pivoting our offering to meet changing customer needs and adapt to the challenging global operating environment,"
The Series A round was led by Calculus Capital and brings total funding to over £6m.
"In the last 18 months the world has seen the positive impact of video in recruitment as it helps to improve diversity, the candidate experience and time to hire."
The oversubscribed round was backed by Blissgrowth, Passion Capital, and numerous angel investors.
"Businesses are struggling to hit their hiring goals and getting the right candidate is more competitive now than possibly ever before. In our analysis often the hiring process for many organisations is inefficient and outdated. During a period of rapid nation-wide recruitment, companies simply cannot afford to waste time and money on hiring the wrong people. Through our intelligent product offering, we can help companies hire the right people quicker."