Red Advertising Raises £100K in Second Round of Equity Crowdfunding

Published On August 31, 2012 |

Red Advertising Ltd, a UK-based company that owns and operates a network of 47 job websites and a low cost multi posting technology provider, has raised £100k in a second round of equity crowdfunding.

51 investors have acquired a 10% stake in the company through Crowdcube.

Red, which previously raised £150k trough the platform (read here), intends to use this funding to ramp up sales and marketing operations.

Led by Richard Clarke (Managing Director), and Carla Fern (Operations Director), the company owns and operates a network of 47 job websites with an organic candidate reach of over 1m candidates a month. It also owns the low cost multi posting technology provider www.jobmate.co.uk which is integrated into every UK job board and a number of European websites.
Clients include Somerfield, United Biscuits, Virgin Active, Bupa, Kimberly Clark, among others.

FinSMEs

31/08/2012

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