StaffCircle raises £3m in Series A funding to enhance its platform and expand its team.
The investment was led by Blackfinch Ventures alongside Mercia to support platform upgrades and team expansion.
Leicester based StaffCircle provides an HR software platform that assists companies with employee performance management, engagement and remote workforce coordination.
StaffCircle has secured £3m in Series A funding from Blackfinch Ventures and the MEIF Proof of Concept and Early Stage Fund, which is managed by Mercia. The fresh capital will be directed towards platform enhancements, international expansion and team growth. The business has experienced a surge in demand following the shift towards hybrid working arrangements, leading to a substantial increase in annual revenue and customer acquisition over the preceding financial year.
From the founder
"With hybrid working here to stay, companies need the right technology to manage and motivate teams in different locations. StaffCircle is helping an ever-increasing number of organisations to keep their employees connected and improve productivity. We are delighted to have continued support from our existing investors. The latest funding round will help us to build momentum and take the company to the next level."
Mark Seemann
Founder and CEO at StaffCircle
Investor perspective
"We’re delighted to have led StaffCircle’s latest investment, and to be backing Mark’s vision for his platform, which is helping create a high-performance culture in companies around the world. We have witnessed StaffCircle’s impressive and consistent growth since we first invested in 2020 and are looking forward to supporting the team on the next phase of their journey."
Reuben Wilcock
Head of Ventures, Blackfinch Ventures
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Grow the team
Investors
About the company
StaffCircle
StaffCircle provides a digital platform for managing remote employee performance and engagement.