MyPeople raises £800k from Enterprise M3 and private investors to expand its team and client portfolio
The financing includes a £300k equity investment from the Enterprise M3 Growth Fund alongside private backers.
MyPeople provides human resources technology that measures behavioural and psychological factors to evaluate team performance and candidate suitability. Its talent acquisition application generates insights through psychometric questionnaires completed by candidates.
MyPeople has raised £800k in its latest funding round, featuring a £300k equity investment from the Enterprise M3 Growth Fund alongside contributions from existing and new private backers. The company will use the capital to expand its workforce and grow its client base. The fresh financing supports the expansion of its HR technology platform, which assesses candidate suitability and team dynamics through psychometric questionnaires.
From the founder
"MyPeople enables recruiters and talent acquisition managers to move away from a binary choice of 'suitable or unsuitable' candidates by providing them with the tools for more meaningful metrics to assess which candidates to put forward. The sector's current focus is on whether a candidate currently has the skills required, usually shown via a CV with little thought given to how a candidate will perform in the environment in which they will work; their new team! We are honoured to help people find jobs that provide them with meaning and purpose. Thank you to Paul and everyone at The FSE Group for understanding our ethos and supporting us through this funding round."
Christian Hughes
CEO at MyPeople
Investor perspective
"Whilst the recruitment sector as a whole is doing well, individual consultancies are finding it difficult to stand out from the 40,000 other recruitment companies currently operating. Most of these general businesses do not have a USP and desperately need to upskill and offer deeper insights into both job roles and candidates. We were impressed by the ease at which the MyPeople applications offer these insights, and we are very happy to support such a high-achieving and innovative company."
Paul Lyristis
Senior Fund Manager, The FSE Group
Use of funds
- 01Grow the team