Hiring-Hub.com raises Â£425k
Manchester-based Hiring-Hub.com has raised £425,000 through equity crowdfunding platform VentureFounders.
The capital will allow the company to accelerate the development of its sales and marketing activity.
Hiring-Hub.com has raised a total of £925,000 since it was formed by by Insider 42 under 42 alumni Simon Swan and Sara Jones in 2011.
It has developed a 'recruitment marketplace' model, which helps companies find and work with independent recruitment agencies online.
The marketplace serves more than 500 companies in the private and public sector, allowing them to upload their vacancies and hand-pick specialist recruitment agencies from Hiring-Hub.com's 800-strong network.
"We have grown quickly but manageably over the last 12 months and took our time to find the right funding solution," said Swan.
"The fundraise will allow us to invest in our core technology, grow our sales team and double marketing efforts in 2015."
The finance was secured from 23 investors in 38 days.
James Coding, chief executive of VentureFounders, added: "We were drawn to Hiring-Hub.com because of its innovate business model and high calibre management team.
"We believe it will really shake up the recruitment industry in the UK, and beyond."