Careercake secures over £300k in funding to accelerate brand growth
The funding round was led by the Development Bank of Wales with participation from angel investors.
Cardiff-based online learning platform providing career development content for employees. The company was founded in 2010.
Cardiff-based online learning platform Careercake has secured over £300k in its latest funding round. The investment was led by existing backer the Development Bank of Wales, alongside a consortium of angel investors including Sunnybarn Investments. The company intends to direct the new capital towards accelerating brand growth and expanding its platform proposition.
Launched in 2010 by chief executive Aimee Bateman, the platform provides subscription-based career development content to help employees build workplace confidence. The fresh funding follows previous investment from Gocompare.com founders Hayley Parsons and Kevin Hughes, as well as board chairman Ashley Cooper.
From the founder
"We want to “Power Up” employees so that they feel confident in the workplace, no matter where they sit. With this new focus and investment, we felt the time was right to re-brand the platform. This latest round of funding will help us to accelerate the growth of the brand and work towards our goal of becoming the Netflix of career development. We are hugely proud of the success that Careercake has had to date and thrilled with the support we have had from the Development Bank of Wales and our investors."
Aimee Bateman
CEO and Founder at Careercake
Investor perspective
"Careercake is one of over80innovative technology ventures that we are proud to support in Wales. As forward thinking investors with patient capital, we understand the challenges of running a growing technology-based business. We always work with our customers to develop funding packages that aide continuous investment and evolution. We are particularly pleased to be continuing our investment in Careercake as they further develop their platform to help all employees to power-up and feel confident in the workplace."
Carl Griffiths
Technology Seed Fund Manager, Development Bank of Wales
Use of funds
- 01Fund the next phase of growth
Investors
Categories
About the company
Careercake
Careercake provides online learning and career development resources for workplace teams.