David Haye-backed recruitment app Syft lands £6.1m Series A
Online staffing platform set to expand into Liverpool, Leeds and Birmingham, and launch into the warehousing and industrial sectors
Syft, the recruitment app, has closed £6.1m in Series A funding led by original Spotify investors Creandum, PROfounders Capital, Colle Capital, alongside existing angel investors heavyweight boxer David Haye and Lord Young.
Launched in November 2015 by Novo Abakare and Jack Beaman, Syft is an online staffing platform that helps hospitality and events firms across London, Manchester and Leeds to find fully trained, flexible staff.
The app allows job seekers to choose when and where they work and see what the role involves prior to their shift. Syft claims its positions pay an average of £9.37 an hour and include bar staff, waiting staff, baristas, chef roles, team leaders and receptionists.
Job seekers are vetted in person before being approved and are only offered roles appropriate for their skill set. Employers and staff can communicate directly through the app, which also handles payroll and National Insurance contributions. More than 4,000 job seekers have joined up so far.
The finance follows a £2.65m seed funding round in August 2016 and will be used to expand into the warehousing and industrial sectors, as well as cities including Liverpool, Leeds and Birmingham.
Beaman commented: “Attracting a fund of the standard and reputation of Creandum is not only very exciting for us, but also for the UK start-up scene.
“It’s exciting that we continue to see large funding rounds coming into the UK after the Brexit vote. This round will help us consolidate our position in the UK, expanding nationwide and launching new sectors.”
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Johan Brenner, general partner at Creandum, said: “Syft has become the best marketplace for temp workers thanks to a beautiful product that fits companies of all sizes and workers with varying skill sets.
“What sets Syft apart is a winning combination of a top-notch team, excellent product, and a model that addresses all the shortcomings of traditional temp agencies.”