Bright Network secures £3.5m Series A investment led by Maven and Seneca
Maven and Seneca Partners have backed Bright Network in a £3.5m Series A round to support technology development and commercial expansion.
Share allotment filed at Companies House
Bright Network operates a media technology recruitment platform connecting graduates with major employers. Founded in 2013, the company provides networking, training, and career opportunities to students from diverse educational and ethnic backgrounds.
Bright Network has secured £3.5m in a Series A funding round led by Maven, with additional participation from Seneca Partners. The capital will be directed towards enhancing the company technology capabilities and expanding its sales and marketing resources.
The London-based graduate recruitment platform has experienced consistent growth since its previous backing from Maven in 2018, expanding its membership pool to approximately 280,000 students and graduates. The fresh injection of funds arrives as the platform introduces new initiatives, including the Internship Experience UK virtual scheme, designed to support recent graduates navigating employment uncertainties.
Investor perspective
"We are pleased to lead the fundraising and further cement our relationship with this dynamic, mission-led business. We believe that it is vital not only to support growth businesses in the short term, during the current uncertain economic climate, but also to set them up for long-term growth and expansion. Bright Network is led by a highly driven team, which has produced impressive results to date and we look forward to working with them as the business continues its growth. The team has built an innovative platform in the fast-growing graduate recruitment marketplace and already has strong relationships with a number of leading global employers."
Melanie Goward
Investment Director, Maven
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
Investors
Categories
About the company
Bright Network
Bright Network connects graduate talent with leading employers through a technology platform.