Red Advertising Ltd, a Cannock, UK-based provider of a Software as a Service (SaaS) platform for employers, HR professionals & recruitment agencies, raised £180k in its third round of equity crowdfunding.
35 investors acquires a 10% stake via CrowdCube.
The company is using the funds to accelerate growth.
Founded by Managing Director Richard Clarke in October 2004, Red Advertising owns and operates a network of 47 job websites with an organic candidate reach of over 1 million candidates a month. In addition, the company has developed and owns multi posting technology, Social Media posting technology, Candidate management technology and Job Board creation solutions.
The technologies are integrated into several UK job boards and a number of European websites.
Clients include major brand names such as Somerfield, United Biscuits, Virgin Active, Bupa, Kimberly Clark and Many Others.
31/08/2012: Red Advertising Raises £100K in Second Round of Funding
20/02/2012: Red Advertising Raises £125K in Equity Crowdfunding