Firefish raises £4m from Foresight Group to accelerate commercial growth
The investment was backed by Foresight VCT, Foresight Enterprise VCT and the Foresight Scottish Growth Fund.
Firefish provides CRM and marketing software tailored for the recruitment sector. Its platform helps firms increase candidate conversion, engagement and placement.
Firefish has secured £4m in funding from Foresight Group to support its ongoing expansion. The capital will be used to drive product development and commercial growth.
The investment was backed by Foresight VCT, Foresight Enterprise VCT and the Foresight Scottish Growth Fund. This transaction marks the 16th deal executed by the Foresight Scottish Growth Fund since its inception in 2019.
Founded in 2010, Firefish has established a strong presence in the recruitment technology market by helping firms improve data volumes and candidate placement. The fresh funding will enable the management team to scale operations and create sustainable jobs.
From the founder
"Firefish has seen significant growth since Andrew and I founded the business and we are proud to support a growing number of recruitment firms. We are excited to partner with an experienced growth investor in Foresight to help us realise our full ambitions for the business."
Wendy McDougall
CEO and Founder at Firefish
Investor perspective
"Wendy and Andrew have built an impressive product and customer base. We are delighted to be partnering with a growing software business which we expect will deliver significant job creation in Scotland."
Graeme Mckinstry
Investment Director, Foresight
Use of funds
- 01Continue product development
- 02Grow the team
- 03Accelerate go-to-market