Huler, a Stoke on Trent, UK-based worktech company providing an employee experience platform (EXP), raised a further £1.5m in funding.
The backer was MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia Ventures and part of the Midlands Engine Investment Fund (MEIF), and Mercia’s EIS funds. The investment follows an earlier round from Mercia and MEIF in December 2022, bringing the total funding to £3.5m.
The company intends to use the funds for further development of the platform and enable the -based company to increase revenues and create ten new roles.
Founded by HR and worktech expert Nicky Hoyland, who joined forces with Stoke entrepreneur Gareth Mobley, founder and former CEO of DW3 Products Group, HulerHub is a SaaS (software as a service) platform that enables HR teams to simplify employee communications and information access. It acts as a ‘digital window’, bringing together all the different software programs, apps and content that employees need in one place, whilst providing important insights for HR teams to better understand how to connect and engage different teams.
Launched in early 2022, it was quickly adopted by clients including Travelodge, Centrica, EE, Qinetiq, St James’s Place Wealth Management and US-based Dairy Queen, with many of them going on to expand its use within their business. Huler is on course to increase annual recurring revenue by 160% in the current financial year.
As part of the deal, the company has appointed David Kelly as Chief Revenue Officer. He has more than 20 years’ experience in HR tech businesses including at IBM, where he led its talent management solutions business in Europe.
FinSMEs
22/01/2024