UK investment for Recruitmentforce to recruit more staff

Finance for Business North East has reinvested in online recruitment software-as-a-service provider Recruitmentforce to help it gain more customers and staff.

Recruitmentforce, a UK-based company providing software to recruitment companies, has raised £250,000 ($393,000) from Finance for Business North East.

Finance for Business North East invested in the company through its Growth Fund. It is backed by the European Regional Development Fund and the European Investment Bank under the European Commission's Joint European Resources for Micro to Medium Enterprises Initiative (Jeremie).

The growth Fund is managed by UK-based fund managers NEL Fund Managers.

Recruitmentforce has previously raised more than £900,000 from other investment rounds. These include the Finance for Business North East Proof of Concept Fund and the Accelerator Fund.

The company offers its customers a software-as-a-service system that manages the recruitment process from social media marketing of the position to candidate and job matching.

Eldon Jobe, chief executive and co-founder of Recruitmentforce, said: "Technology and social media have had a major impact on the recruitment sector, with consultancies having to manage a huge range of information with both speed and efficiency.”

The company plans to use the funding to increase its staffing levels and expand the number of customers it has.

See more from this Government Report: UK


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