ProFinda secures £3m from Palatine's Growth Credit Fund to expand international operations and product development.
The investment from Palatine supports the workforce optimisation platform as it scales sales and marketing functions.
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 £3m from Palatine's Growth Credit Fund as part of an equity growth round. The capital will support the company as it expands its international footprint and targets new vertical markets.
The funds are earmarked for accelerating recruitment, particularly within sales and marketing functions, alongside ongoing product development. ProFinda currently serves major advisory organisations and multinational clients with its workforce optimisation technology.
Palatine's investment marks the fifth transaction for its Growth Credit Fund. ProFinda is also backed by Notion Capital, Hansa, and Prefcap.
From the founder
"The funding from Palatine Growth Credit comes at an important and exciting time for our business, where having now established the leading foothold in the professional services sector, we're looking to scale at pace and invest in further market growth."
Roger Gorman
Founder and CEO at ProFinda
Investor perspective
"ProFinda is an exceptional AI business disrupting how large organisations best meet their clients' needs, while ensuring their own staff's skills and expertise are matched to the most relevant project. We are therefore thrilled to support its continued growth as it scales its sales and marketing function over the coming months to ensure it maximises the outstanding growth potential for its technology. We look forward to seeing the ProFinda team continuing on their excellent growth trajectory, while benefiting from Palatine's expertise in ESG, particularly our Carbon Literacy training programmes."
Ryan Sorby
Partner, Palatine
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
- 04Invest in sales and marketing