TalentMapper – a London-based company whose platform helps identify and develop the skills within an organisation – has raised £2m from Mercia Ventures and Haatch.
Despite being launched just 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 will enable the company to enhance the platform, expand its team and continue its rapid growth.
TalentMapper is designed for businesses with over 250 employees. It 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.
For employees, it acts as a ‘satnav’ for career development, guiding them through each stage and linking them to learning management systems to help them achieve their full potential.
The company claims that businesses using the platform have shown a two-fold improvement in gender diversity in new appointments and a four-fold improvement in ethnic diversity.
TalentMapper was founded by Martin Mason - a HR professional who had held senior roles at The Body Shop, Wolseley and Halfords - and 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. TalentMapper incorporates AI and machine learning and has been trained on 675 million career histories to date.
