Accrosoft, a Loughborough, UK-based B2B SaaS platform provider, raised £2.5m in growth funding.
Foresight Group made the investment. In conjunction with the funding, Mike Quinn, Director, Foresight Group, will join the board of Accrosoft.
The company will use the funds for the continued growth of the business across both products through new hires and initiatives.
Founded in 2008 by Alex Khakbiz and Mitesh Chauhan, Accrosoft is a software as a service company with two products currently in the market, including:
– Vacancy Filler, an Applicant Tracking System which automates the recruitment process for organizations, and
– Weduc, an engagement tool to enable parent-teacher communication.
Launched in 2013, Vacancy Filler automates much of the recruitment management process for businesses. The product now boasts over 200 customers across a range of sectors, including supermarket Aldi, which manages over 4,000 daily applications.
Weduc, which enables parent-teacher-student communication and engagement, was launched in 2017.