The financing round includes backing from industry angels Chris Nelson and Julia Ross alongside institutional investors.
"The inploi team exhibited amazing agility in pivoting their model to providing software as a service, and is now partnered with a growing number of major blue-chip brands. inploi’s solution is perfectly positioned to address one of the biggest challenges facing companies today – attracting the people they need to operate effectively in an historically tight labour market – bringing the latest technology to an outdated market ripe for innovation. I am excited to have invested again to support them on their scaling journey."
The financing round was led by Volition Capital with participation from AXA Venture Partners and Foresight.
"We’re entering an age where every business is becoming a tech company thanks to the value of data and the vital need for digitisation both internally and across all customer-facing operations. Our Series B funding is part of our strategic growth plan to help all organisations – not just those in Silicon Valley – respond to this challenge and, following a successful entry to the market, we’re excited to accelerate our expansion into the US whilst continuing to grow in the UK."
The investment was backed by Foresight VCT, Foresight Enterprise VCT and the Foresight Scottish Growth Fund.
"Firefish has seen significant growth since Andrew and I founded the business and we are proud to support a growing number of recruitment firms. We are excited to partner with an experienced growth investor in Foresight to help us realise our full ambitions for the business."
The oversubscribed round was backed by angel investors from the founders previous venture.
"The speed at which we secured funding illustrates the scale of the problem we’re addressing – and therefore the opportunity to be part of the solution. Skills-based hiring is the future. It allows employers to pick jobseekers based on their ability rather than their background. In the new world of ChatGPT, which allows people to apply for many jobs quickly, we need Web3 technologies to verify the contents of CVs and keep the hiring process honest."
LDC has backed the talent analytics platform to accelerate international growth while delivering an exit for Mercia.
"We are really proud of our growth in the last few years, and I’d like to thank Keith Jones, our seed investor, and Mercia not only for funding our early years but also for appointing my most crucial mentor as Chair, Rod Hyde, who helped our brilliant team establish Horsefly as a leading talent analytics platform."
