Beringea leads Series A investment into the Manchester psychometric assessment provider.
"Arctic Shores has a clear mission to enable companies to be more objective and broader in their selection of applicants and foster an assessment process that provides a fairer evaluation of people from different backgrounds and socio-economic groups."
Nick Candy has invested more than £2m through Candy Ventures for a 23 percent stake in the holding company.
"This is a significant milestone for the Vibe Group. To have the backing [of] Nick Candy and his experienced team at Candy Ventures, as well as the continued support from Scott and Vela, is a huge endorsement for the brand."