HR Datahub secures £1.4m from Mercia and other investors to scale operations and enhance its platform.
The funding round was backed by Mercia, the MEIF Proof of Concept and Early Stage Fund, the Angel Co-Fund, and private investors.
HR DataHub operates an external HR benchmarking platform that provides data-led insight into workplace practices. The company supplies proprietary databases sourced from hundreds of corporate clients.
HR Datahub has secured £1.4m in investment to expand its operations and enhance its benchmarking software. The financing was provided by a consortium including Mercia, the MEIF Proof of Concept and Early Stage Fund, Mercia EIS funds, the Angel Co-Fund, and private backers. The business intends to utilise the capital to scale its headcount significantly over the next eighteen months and introduce advanced features to its platform.
From the founder
"The world of work has never been more complex, so it is important that organisations make decisions based on accurate data. At HR Datahub our mission is to give them the analysis and the insights they need. The funding will enable us to add a new level of sophistication to the platform and roll it out to an even wider audience."
Alexa Grellet
COO at HR DataHub
Use of funds
- 01Continue product development
- 02Grow the team
Investors
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About the company
HR DataHub
HR DataHub operates a data benchmarking platform that helps organisations inform their employment policies.