eSwapp raises £350k in pre-seed funding to expand its skill sharing platform.
The pre-seed round was backed by a private angel investor to support team growth and product development.
eSwapp provides a machine learning platform that allows employees to exchange skills and gives enterprises data insights into internal capabilities. The startup is based in London.
London based workplace learning platform eSwapp has secured £350k in a pre-seed financing round. The capital was provided by a private angel investor.
The fresh funding will be directed toward expanding the team, refining product development, and executing client acquisition initiatives.
Founded by former marketer Uyen Ngo, the company evolved from a consumer idea into a corporate SaaS offering targeted at the learning and development sector. The platform uses a mathematical model to map internal skill distribution and predict capability gaps for businesses.
From the founder
"The incredible thing about eSwapp users is, no two are the same. We’re not here to “match” people. We’re here to bring together Swappers and their valued skills and empower organisations to know in real time what skills are missing. Our three-layer mathematical model, developed by a former associate at Yale and Cambridge University, makes skill predictions to help organisations get ahead of the curve with strategic business decisions backed by smart data. This pre-seed round will go towards new hires, fine-tuning our product development, and a solid client acquisition and retention strategy."
Uyen Ngo
CEO at eSwapp
Use of funds
- 01Grow the team
- 02Continue product development
- 03Invest in sales and marketing