HR platform TalentMapper has raised £2m in funding to enhance its technology, expand its team and continue its growth.
Founded in 2023, the London-based business uses AI and machine learning to help identify and develop the skills within an organisation.
The company was founded by Martin Mason – a HR professional who had held senior roles at The Body Shop, Wolseley and Halfords – and was borne out of his frustration at trying to manage and upskill a global workforce using spreadsheets. He joined forces with Carl Tucker, who has a background in software design and development and is the current CTO, to develop the platform.
Designed for businesses with over 250 employees, TalentMapper gives HR teams a clear view of the capabilities and potential of the workforce, reducing the cost of recruitment and training, and helping to ensure equal access to career opportunities.
Since its launch 18 months ago, TalentMapper has already attracted major clients including Dunelm, Danone and Mountain Warehouse and achieved annual recurring revenue of over £700,000.
The funding round was led by Mercia Ventures and Haatch.
Stephen Windsor, Investment Director with Mercia Ventures, said: Employee turnover has risen sharply since the pandemic and companies are having to try harder to retain staff. At the same time they are trying to accommodate a new, and more digitally savvy, generation into the workplace while also planning to reskill their workforce to meet the changes that AI will bring.
“TalentMapper is a forerunner in the emerging field of SkillTech which aims to address these challenges.
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