London’s talent acquisition, engagement, and retention platform Beamery has raised $138 million in Series C funding led by the Ontario Teachers’ Pension Plan Board (Ontario Teachers’), through its Teachers’ Innovation Platform (TIP). The raise also saw participation from Accenture Ventures as well as existing investors Index Ventures, EQT Ventures, Microsoft's M12, and Workday Ventures. Beamery reports that the funding will be used to fuel “extensive” product development, press on with growth in existing and new markets, and double the headcount. Over five rounds, Beamery has recruited $173 million.
Founded in 2014 by Abakar Saidov, Michael Paterson, and Sultan Murad Saidov, Beamery helps companies attract, identify, and engage potential talent on one platform. Beamery provides a host of tools that help recruitment teams hire better, faster, and smarter, and engage with talent proactively across every part of the candidate journey.
The past 15 months have rapidly accelerated a number of changes that were-a-bound to happen, but no one could have predicted just how much, and how fast. Seemingly the world went upside-down, front-to-back, left-right-and-centre overnight. This upheaval can clearly be seen in Beamery’s numbers, as the company reports 337% annual revenue growth in Q4, and assisting in one million roles being filled during 2020. That’s a lotta roles. And a lotta growth.
Oh, and then there’s this skills shortage that, much like the environment, we haven’t really paid attention to until it came down to the wire. Well, that wire just got a helluva lot closer over the course of the pandemic. As a result, companies have had to scramble to fill skilled positions, et voilà, there’s Beamery sitting in pole position.
“Changes to the way we work, shifting expectations of candidates, and the sheer pace of recruiting demands, have led organizations to rethink how they approach recruitment and retention. Enterprise talent teams are driving significant global transformation as they build towards this new future of work, and this investment will enable us to scale globally with growing demand and build the new category in enterprise technology,” concludes CEO Abakar Saidov.