Seed16 January 2025

TalentMapper raises £2m from Mercia Ventures and Haatch to scale its workforce skills platform

The investment from Mercia Ventures and Haatch will fund team expansion and platform enhancements.

£2.0MSeed

TalentMapper provides a platform designed to help organisations identify, map and develop workforce skills. The software assists human resources teams in managing internal talent while guiding employees through career progression.

TalentMapper has secured £2m in funding led by Mercia Ventures and Haatch. The capital will be directed towards expanding the team, enhancing the platform and scaling operations into new sectors such as financial and professional services.

Launched 18 months ago, the London-based company has built a client base including Dunelm, Danone and Mountain Warehouse, generating annual recurring revenue in excess of £700k. Its software is targeted at businesses with more than 250 employees to improve workforce visibility and reduce recruitment costs.

The latest investment follows rapid early growth for the firm, which uses machine learning trained on millions of career histories to support skills-based talent management and diversity improvements within corporate appointments.

From the founder

"We wanted to make it easier for companies to manage global talent and ensure they have the right people in the right place at the right time. By putting the emphasis on skills, TalentMapper also helps ensure employees are promoted for their capabilities. I have seen so many talented people overlooked for promotion because they weren't a replica of their boss. The funding will enable us to build our team to cope with growing demand, add new features to enhance the platform and scale for growth by targeting other sectors including financial and professional services."

Martin Mason

CEO at TalentMapper

Investor perspective

"The need to optimise the skills of the workforce has never been more important. Employee turnover has risen sharply since the pandemic and companies are having to try harder to retain staff. At the same time, they are trying to accommodate a new, and more digitally savvy, generation into the workplace while also planning to reskill their workforce to meet the changes that AI will bring. TalentMapper is a forerunner in the emerging field of SkillTech which aims to address these challenges. It has achieved remarkable growth in a short space of time which demonstrates the demand within the market and the value it provides to employers. We are pleased to help Martin and Carl as they scale the business and roll it out to a wider audience."

Stephen Windsor

Investment Director, Mercia Ventures