Invenias, a Reading, United Kingdom-based provider of software for executive search and strategic recruitment, raised £2.8m in equity and debt financing.
The round included a $1.1m equity funding round led by MMC Ventures and $1.7m of debt from Clydesdale and Yorkshire Bank.
The company intends to use the funds to expand in North America, into new markets, invest in R&D and support its expanding customer base.
Founded in 2005 and led by David Grundy, CEO, Invenias provides a cloud-based desktop and mobile platform which enables executive search firms, specialist recruitment companies and in-house executive talent acquisition teams to run their business by delivering assignments, as well as building relationships with clients and candidates.
The company serves thousands of users in over sixty countries across the globe via additional offices in Europe, the US, Australia and Malaysia.