Broadstone secures £1.5m in seed follow-on funding led by Maven Capital
Maven Capital led the seed follow-on round to support scaling operations and product development following major client acquisitions.
Broadstone operates a technology platform that connects large organisations with individuals seeking temporary employment in regulated sectors. The company streamlines recruitment and compliance for flexible workforces.
Manchester-based technology start-up Broadstone has secured £1.5m in a seed follow-on funding round led by Maven Capital. The capital injection comes on the back of major contract wins with service industry clients including G4S, ISS World and OCS Group.
The company plans to use the proceeds to scale operations, accelerate product development, and service its growing roster of enterprise clients. Founded to modernise temporary staffing in regulated sectors, Broadstone combines compliance vetting with mobile-enabled job matching for shift-based workers.
Maven Capital contributed to the round via NPIF - Maven Equity Finance, alongside angel investors such as former Adecco UK CEO Peter Searle. The latest investment brings Broadstone's total funding to £2.5m since its launch.
From the founder
"Labour-as-a-Service is growing fast in recognition as a term, and as the market leader in regulated industries we are well-placed to strengthen our position. We’ve recently seen Uber moving into this market with Uber Works, demonstrating the model’s strategic importance. In fact, The Economist predicts that by 2029 all workers will be listed on at least one labour platform – this presenting Broadstone with a huge market opportunity."
Tom Pickersgill
Co-founder & CEO at Broadstone
Investor perspective
"The additional funding that Broadstone has secured will support it in building on a proven tech-driven model, and innovate the temporary staffing market further to support different sectors including cleaning, catering and warehouse operatives. It’s providing an end-to-end staffing management tool that’s challenging traditional methods of temporary staffing – much like FinTech has challenged the traditional banking industry. It’s very exciting to see how quickly the company is growing, and the size of clients its attracting at this relatively early stage."
Peter Searle
former UK CEO of Adecco, Peter Searle
Use of funds
- 01Continue product development
- 02Scale operations
Investors
Categories
About the company
Broadstone
Broadstone operates a labour marketplace platform for regulated industries.