Recruitment start-up Beamery lands $5m investment
Provider of recruitment software to the likes of Facebook, Dropbox and House of Fraser will double its staff and open a new San Francisco office
Beamery, a recruitment software provider, has raised $5m in funding from Index Ventures, with participation from Edenred Capital Partners, GP Ventures and LocalGlobe.
Founded by brothers Abakan and Sultan Saidov in 2014, London-based Beamery helps companies identify and engage with potential candidates, to aid with high volume recruitment or high-level placements.
Its clients, which include Facebook, Dropbox, Criteo, Github, VMware, House of Fraser, Shop Direct and Dennis Publishing, can build a relationship with talented candidates over time and keep in touch in case the right opportunity arises.
Beamery claims its talent acquisition strategy reduces the cost of new hires by 39% and time-to-hire by 31%.
The funding will enable Beamery to double its staff and launch an office in the San Francisco Bay Area. The product development and engineering team will remain in London, with the ‘go-to-market’ team relocating to the US.
Saidov commented: “In the modern economy, companies are starting to recognise that creating a world class talent function is one of most important differentiators to their success. Beamery transforms how businesses interact with talent, and is a primary system of record for this relationship.”
Jan Hammer, partner at Index Ventures, said: “Beamery is not another recruitment tool. They are entirely rethinking the role of a recruiter and changing companies’ approach to hiring.
“Companies that run on Beamery become highly strategic in developing relationships with top candidates and as a result outsmart and outpace their competitors. We’re excited to be working with Beamery in helping them achieve their vision.”