Smart Recruit Online, a Milton Keynes, UK-based company which has designed a software platform that helps businesses optimize online recruitment, raised £630k in funding.
Backers included the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), and private investors.
The company intends to use the funds to develop its technology further while expanding its 12-strong team, creating up to six new jobs.
Designed by Mark Stephens, Smart Recruit provides a system that combines the latest technologies with insights from behavioural science and tried and tested recruitment processes ro enable companies to address the problem of how to attract the best talent online quickly and at low costs. It is now used by over 700 businesses, including Next, JCB, Securitas and Whistl, with an average cost per hire of under £300 and an average time-to-offer of 16 days, with 94% of vacancies successfully filled.