ProFinda secures £1m from Nesta Impact Investments to develop workforce skills platform
Nesta Impact Investments backed the round to support workforce optimisation and collective intelligence.
ProFinda provides an artificial intelligence platform designed to help global professional services firms match employee skills with project requirements. The company employs roughly one hundred staff and counts major advisory firms among its clients.
ProFinda has secured £1m in funding from Nesta Impact Investments to expand its market reach and technology. The investment will support the company in deploying its workforce mapping platform to non-profit organisations and enhancing its proprietary machine learning intellectual property.
The company uses semantic parsing and skills ontology to help enterprises better understand and utilise the capabilities of their total workforce. Nesta backed the round based on ProFinda alignment with its focus on the future of work and collective intelligence.
The fresh capital follows years of commercial deployments across professional services firms, private banks, and disaster management bodies. ProFinda intends to use the backing to scale its social impact initiatives alongside corporate growth.
From the founder
"We are already working globally with some of the most knowledge intensive firms, helping them adapt to the future of work through a skills lens. Nesta’s investment is key to enabling us to use these corporate deployments to light the way for organisations everywhere to see that there is a better way to match a person to a piece of work for the benefit of everyone."
Roger Gorman
Founder and CEO at ProFinda
Investor perspective
"ProFinda is a platform that will help transform the workplace, empowering people to demonstrate, use and develop their skills more effectively and facilitating the development of new forms of collaborative working that break down the limitations of traditional enterprise structures."
Nathan Elstub
Chief Investment Officer, Nesta Impact Investments
Use of funds
- 01Continue product development
- 02Fund the next phase of growth