Gradfuel secures £200k in seed funding from angel investors to expand its employer portfolio and technology.
The London-based graduate recruitment platform raised the capital from a group of angel investors.
Gradfuel operates a data-driven graduate recruitment platform that pairs job seekers with employers through an intelligent chatbot and personality assessments. The London-based start-up has assisted thousands of graduates since its inception in 2019.
Graduate recruitment platform Gradfuel has secured £200k in a seed round backed by a cohort of angel investors, including former executives from major financial institutions and early backers of consumer brands. The company, valued at £1.1m, intends to direct the capital towards expanding its portfolio of employers and refining its guidance technology.
The funding arrives during a challenging period for entry-level employment, marked by contractions in graduate hiring across the market. Gradfuel aims to counteract this uncertainty by offering an automated matchmaking service that evaluates candidates based on skills, experience, and personality traits.
From the founder
"This is the start for what we envision an evolving success story for graduates and companies alike. We pride ourselves on offering a unique, democratised model to the graduate recruitment market, focusing on the strengths and personality traits of recent graduates and working closely with employers to identify the applicant that would flourish at their company."
Elliot Mitchell
Founder at Gradfuel
Use of funds
- 01Continue product development
- 02Invest in sales and marketing