Hiring Hub, recruiting platform, acquires £725k in investment capital

Hiring Hub, recruiting agency marketplace, has recently secured £725,000 in funding to go towards platform expansion, team scaling, and backing sales and marketing plans.

Ranked among the UK’s top 10 recruitment companies by independent review site Trustpilot, Hiring Hub is used by over 500 employers, who it helps find quality candidates quickly through its network of specialist recruitment agencies.

It’s free for employers to post briefs on the marketplace, while recruitment agencies pay a monthly membership fee to access the platform and increase their fee income.

Hiring Hub grew active employers users 102 per cent and active jobs 83 per cent last year following a £1.35m cash injection in 2017 from Maven Capital Partners, using its Northern Powerhouse Investment Fund (NPIF), and existing investor VentureFounders.

The latest round of funding, secured from the aforementioned investors and Manchester Tech Trust Angels, will support Hiring Hub’s drive to democratise the UK’s recruitment agency market; giving employers an alternative to the big recruitment agency brands by making it easier for them to work with smaller, specialist recruiters, whom Hiring Hub believe respond faster and deliver a better quality of service over the big firms.

“The business has made real progress over the last 18 months,” said Simon Swan, CEO of Hiring Hub.

“It’s fantastic to have investors onboard that back our vision of supporting the UK’s 16,000+ independent recruitment agencies, while using technology to provide transparency, choice and speed – in doing so enhancing the customer experience – in what is a £35 billion domestic market.”

Read more here.

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