Recfindr, a British startup building a recruitment management system for employers, has raised a pre-seed funding round of £300,000.
The round was led by SFC Capital, the UK’s leading SEIS fund for innovative companies. Also participating were a number of high-profile angel investors, including Ezequiel Canestrari, the European COO of Clearbank, who backed the company after using the platform.
Recfindr is the first all-in-one platform that gives hiring managers full control over the recruitment process. Hiring managers can manage legal contracts, procurement, contracts and track progress metrics through the Recfindr platform. They are also connected to boutique recruiters.
There are more than 30,000 recruitment agencies in the UK, and 80% of recruitment agencies are boutique firms with fewer than 10 employees. However, hiring managers typically use the same corporate firms to fill urgent roles because they do not have the time or due diligence to identify and onboard smaller recruiters. Given the UK’s fastest-growing industries require highly technical talent—fintech, AI, biotech, healthcare—this means hiring managers are using generalist firms to fill specialist roles.
By connecting hiring managers to boutique recruitment firms, Recfindr is reducing the time hiring managers take to fill these urgent roles by 50%. Considering fintech vacancies are surging, Recfindr offers an immediate process change that will allow companies to recruit the best talent as they scale.
Having been founded less than a year ago, Recfindr is already having an impact on a market worth £36bn. More than 160 recruitment agencies have signed up to the platform to connect with hiring managers.
Following demand from early adopters, Recfindr has expanded its functionality to become a tool that embeds into companies’ systems to manage the full recruitment process as well as the relationship with recruiters. The funding from the pre-seed round will be used to hire engineering talent to further develop the platform, and to invest in marketing and sales.
