StaffCircle secures £1.3m in seed follow on funding to enhance its remote working platform and expand operations
The investment round was backed by Blackfinch Investments and Mercia through the Midlands Engine Investment Fund.
Leicester based StaffCircle provides an HR software platform that assists companies with employee performance management, engagement and remote workforce coordination.
StaffCircle has secured £1.3m in seed follow on funding from Blackfinch Investments, the Midlands Engine Investment Fund, and private backers. The Leicester based remote working software provider will allocate the capital towards platform enhancements, headcount expansion, and preparations for a future Series A round. This capital injection follows a period of rapid revenue growth and international customer acquisition.
From the founder
"In a world of remote working, managing employee performance has never been more challenging. StaffCircle introduces new levels of structure and visibility, connecting employees and helping teams to meet targets. The latest funding round demonstrates the confidence our investors place in us and will enable us to roll out the platform to many more companies."
Mark Seemann
Founder and CEO at StaffCircle
Investor perspective
"StaffCircle has created an impressive offering in a growing market, through efficient product development and a solid sales strategy. The decision to invest further funds was an easy one to make, not least because the company exceeded their revenue projections last year. The experienced team are highly driven and we look forward to helping them on their journey towards success."
Richard Cook
CEO and Founder at Blackfinch, Blackfinch Ventures
Use of funds
- 01Continue product development
- 02Grow the team
Investors
About the company
StaffCircle
StaffCircle provides a digital platform for managing remote employee performance and engagement.