The Milton Keynes recruitment software firm has secured backing from the MEIF Proof of Concept and Early Stage Fund to scale its operations.
"Our platform solves a key problem for employers – how to recruit the best talent online quickly and efficiently and achieve better value from their budget. Our existing clients are proof of the benefits it offers, and the latest investment will enable us to roll it out to many more companies."
The Scottish video software provider has secured backing from BGF to fund its expansion into North America and Australia.
"Until now we’ve grown organically, reinvesting profits back into the business to help us scale. I’m extremely proud of that journey and what we’ve achieved; and now is the right time for us to take on investment. We’ve built a solid foundation and are primed for international expansion. With BGF’s backing, we can really accelerate that plan."
The flexible hiring marketplace surpassed its crowdfunding target by over 133% to fuel its ongoing expansion.
"We’re in a perfect storm of employment disruption. We’ve gone through one of the most seismic overhauls of how we work ever, we’ve got employees that already wanted more flexibility trying to work for companies that aren’t sure what the future holds. At the same time, we’ve got the Government trying to get people back into the office, when that isn’t necessarily what people want. As our campaign shows, there is definitely appetite from both employers and employees to explore more flexible working arrangements, but the current recruitment mechanism is ill-equipped to support that. We’re aiming to fix it."
The haulage recruitment specialist has raised £300k from Mercia and chairman Keverne Watt to fund expansion.
"The pandemic has had a major impact on supply chains and the haulage industry. By improving efficiency and enabling them to recruit drivers remotely, our platform has helped firms to keep going in these uncertain times. With continued pressure on costs, it is all the more important for operators to minimise unnecessary expenses like recruitment fees to enable them to maintain profits and improve drivers’ wages."
The seed round was led by Dan Smyth to support geographic expansion and technological development.
"This is a really exciting time for Haystack. This funding will allow us to continue the incredible growth we’ve seen since we officially launched in November 2020"