Stryve, which is focused on the “future of work” by leveraging automation, has secured 122% (£244,072) of its £200,000 target from 168 investors via Crowdcube with 25 days left in its crowdfunding campaign (at the time of writing).
As explained in the update, Stryve’s ‘Talent Management System’ assists SMEs with efficiently finding “the best talent.”
In a £1.15bn HR Tech market of “overcomplicated and inaccessible technology,” Stryve aims to “simplify the solution and power a new generation of SMEs.” UK-based Stryve reports a £2,754,126 pre-money valuation, 8.14% equity, a £2.00 share price and EIS.
Stryve aims to enhance the future of work by using automation. The company has shared its important business highlights:
- 1,200 candidates, 160 jobs & 33 companies using Stryve since the platform has gone live
- Successful pre-seed round raising £450,000 to date
- Launched Beta product to market and grown team to 11
- HR Tech market projected to grow from $24bn in 2021 to $35.7bn in 2028
As noted by the firm, the world of work is currently “undergoing a fundamental change.”
According to available data, 98% of Fortune500 companies have “an Applicant Tracking System, yet most global SMEs do not.” With 5.5 million SMEs in the United Kingdom in 2021, “99.9% of the business population, our market is huge,” the team at Stryve claims.
“Stryve is here to make hiring simple. Whatever a company’s size, we believe it should have one central hub to unify hiring and talent management. Our research suggests that we are proudly saving 49+ hours per hire for a growing list of clients, why wouldn’t business leaders want to know more?”
They also mentioned:
“After a successful funding round from 282 investors in 2020, we exceeded our targets. We rebranded, launched our Beta product and grew the team from 2 to 11, all in under 9 months. All of this resulted in what we think is one great system and a solid foundation, from which Stryve can grow.”
Through their strategic partnerships network and their growing market presence, their customer base has “increased by 54% since Beta launch in September,” the firm revealed.
With a multi-tiered payment model and scalable packages for premium customers, Stryve is “accessible for all businesses, regardless of budget,” the update confirmed.
The company also shared:
“We are fundraising to drive our growth, accelerate our user adoption and develop our next phase of products; Beta 1.0, The Stryve App, Stryve Employee Tracker and Stryve 2.0. Products that we hope will define the future of work.”
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