The investment round was led by FoundersX with participation from Founders Factory, Y Combinator, and Plug and Play Ventures.
"This is a massive achievement for us. When we came to market 2 years ago we were probably the only technology company talking about fairness and diversity. Fairness has been our core purpose from day one, it’s in our DNA, and we are so grateful to our investors and clients who saw how important our message was. For me this represents an investment in diversity, not just our company. This latest round will allow us to grow our capability in our core markets, levelling the playing field and breaking the cycle of exclusion that still chronically prevalent in the world of work. It is also a huge vote of confidence in the team who have worked so hard over the past 2 years to bring our purpose to life."
The Glasgow technology start-up has raised the capital through a crowdfunding campaign and backing from Jacobo Invest UG.
"This crowdfunding campaign was unique as we initially offered it only to industry peers, as an advocacy-building campaign as much as to raise funds. We raised £500,000 in four weeks from 550 investors and closed the campaign early."
The funding was led by Joe Saumarez Smith to support the expansion of the Alvius platform.
"Now employers can use our software to create their own talent platforms, replacing slow and inefficient sourcing and selection processes and matching great talent with current opportunities in a fraction of the time."
— Andrew Lavelle, co-founder of TalentPool and Alvius managing director
Beringea leads Series A investment into the Manchester psychometric assessment provider.
"Arctic Shores has a clear mission to enable companies to be more objective and broader in their selection of applicants and foster an assessment process that provides a fairer evaluation of people from different backgrounds and socio-economic groups."
Conviction Investment Partners led the financing round alongside Triple Point to support global growth.
"This investment comes from continued success and growth for Adepto. To date we have had 100% customer retention, and over the last three years have seen 150% year on year revenue growth."
