Series C17 June 2021

Beamery raises £97.6m in Series C funding led by Ontario Teachers to expand operations and product development.

The London talent platform secured Series C backing from Ontario Teachers and Accenture Ventures to accelerate global expansion.

£97.6MSeries C

Beamery provides an artificial intelligence powered talent lifecycle management platform that helps large enterprises plan workforce needs, reduce hiring bias, and manage talent mobility. The company works with global brands such as General Motors and Johnson and Johnson to improve employee retention and diversity hiring.

Beamery has raised £97.6m in a Series C funding round led by the Ontario Teachers' Pension Plan Board through its Teachers' Innovation Platform. The round also saw participation from Accenture Ventures alongside existing backers EQT Ventures, Index Ventures, M12 and Workday Ventures.

The capital injection follows a period of rapid growth for the London-based company, which reported a 337% annual revenue increase in the final quarter and surpassed one million roles filled on its platform during 2020. Enterprises are increasingly turning to the firm to navigate skills shortages and competitive hiring markets.

The newly secured funds will be deployed to drive extensive product development, accelerate commercial expansion into new and existing markets, and double the size of the employee base.

From the founder

"Changes to the way we work, shifting expectations of candidates, and the sheer pace of recruiting demands, have led organizations to rethink how they approach recruitment and retention. Enterprise talent teams are driving significant global transformation as they build towards this new future of work, and this investment will enable us to scale globally with growing demand and build the new category in enterprise technology."

Abakar Saidov

CEO at Beamery

Investor perspective

"Beamery’s best-in-class approach is already transforming how leading global companies recruit and retain talent. As companies accelerate their focus on developing their people and building more agile workforces, Beamery’s cutting-edge solutions and clear vision for transforming talent can provide a competitive edge. We’re excited to partner with them on this journey."