Technically Compatible, a Sunderland, UK-based recruitment technology company, secured £500k in funding.
The North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Fund Managers, made the investment.
The investment will allow the company to build the management team, step up its sales and marketing activity and provide working capital to support its growth.
Established in 2014 and led by Mike Rohan, CEO, Technically Compatible has developed an online assessment platform that allows businesses to check the abilities of developers and IT staff, reduce the risk of costly appointment failures and speed up the recruitment process.
The company now has customers in over 40 countries, including public sector organizations such as NHS Digital and HM Land Registry, blue chip corporates like Sage, KPMG and Next and tech firms such as Salary Finance and Softwire.