TalentPool, a talent matching platform that connects UK SMEs with recent graduates, has surpassed its initial £350,000 funding target from nearly 100 investors on equity crowdfunding platform, Seedrs. As previously reported, TalentPool was founded in 2013 and stated it is on a mission to change the way that companies find “talent” for their teams.
“We’ve created a platform that identifies suitable individuals for a role and connects them with an employer, automating what was previously a largely manual process. The result is a revenue-generating model, which has already broken even. As the process takes place on a platform, we can charge less than half the standard fees of a traditional recruitment agency, fundamentally disrupting the space in which we operate.”
TalentPool also reported that to date, it has more than 50,000 job-seekers join its platform. The company noted it has worked with more than 500 companies to date, sign up new clients and launch campaigns almost every day, over 50 clients so far in 2018.
“Over the past 30 years, the recruitment sector has undergone a number of significant changes, in particular the shift from print-based to online listings and the introduction profile databases – most notably LinkedIn. Whilst these have certainly changed the landscape, we don’t believe they have disrupted the status quo. We feel that online platforms have simply become tools for traditional recruiters. We consider TalentPool to be a leader in a new breed of solutions and the first truly disruptive force to arrive in the industry for decades.”
All funds from the equity crowdfunding campaign will use to continue the expansion of TalentPool. The campaign is currently set to close later this spring.
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