Smart Recruit Online secures £630k in seed funding from Mercia and private investors to fuel technology development and team expansion.
The Milton Keynes recruitment software firm has secured backing from the MEIF Proof of Concept and Early Stage Fund to scale its operations.
Smart Recruit Online has built a software platform designed to help businesses streamline and optimise their online recruitment processes. The technology combines behavioral science insights with practical hiring workflows to reduce costs and time to hire.
Smart Recruit Online has secured £630k in a seed financing round led by the MEIF Proof of Concept and Early Stage Fund, alongside contributions from private backers. The Milton Keynes business plans to deploy the capital to advance its proprietary technology and expand its headcount by up to six new roles.
The company operates an online hiring platform used by over 700 organisations to reduce recruitment costs and accelerate time-to-offer. This latest injection of capital will support the firm as it scales its operations and introduces the platform to a broader corporate audience.
From the founder
"Our platform solves a key problem for employers – how to recruit the best talent online quickly and efficiently and achieve better value from their budget. Our existing clients are proof of the benefits it offers, and the latest investment will enable us to roll it out to many more companies."
Mark Stephens
CEO at Smart Recruit Online
Investor perspective
"Smart Recruit Online is ideally suited for today’s digital world and remote working practices. Mark and his team have already built a strong client base, and the latest funding will allow them to enhance the technology further and scale up the business."
David Baker
Investment Manager, Mercia
Use of funds
- 01Continue product development
- 02Grow the team
Investors
Categories
About the company
Smart Recruit Online
Smart Recruit Online provides an intelligent software platform that helps businesses optimise their online recruitment processes.