‘Workforce of the future’ firm bags £100m
Posted on June 21, 2021 by Jonathan Symcox
A London-based recruitment scaleup has raised £100 million in Series C funding.
Beamery, billed as a talent operating system, serves global corporations including AstraZeneca, Autodesk, Nasdaq and Workday.
The round was led by the Ontario Teachers’ Pension Plan Board through its Teachers’ Innovation Platform.
Accenture Ventures also participated alongside existing investors EQT Ventures, Index Ventures, M12 and Workday Ventures.
The round follows a record year for the company, which finished with 337% annual revenue growth in Q4, and surpassed one million roles filled on its platform during 2020.
Beamery provides a single platform to manage the entire talent lifecycle. This aggregates and enriches enterprises’ existing talent data with billions of relevant data points to help organisations quickly identify and prioritise potential candidates that are likely to thrive at their organisation.
It also measures and helps them to reach diversity targets and provide better learning opportunities and career pathways for existing employees.
This new investment will fuel extensive product development, accelerate commercial growth in existing and new geographies, double its rapidly growing employee base, and solidify Beamery’s leadership position in the talent space.
“Changes to the way we work, shifting expectations of candidates, and the sheer pace of recruiting demands, have led organisations to rethink how they approach recruitment and retention,” said co-founder and CEO Abakar Saidov.
“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.”
Olivia Steedman, Senior Managing Director, Teacher’ Innovation Platform (TIP), said: “Beamery’s best-in-class approach is already transforming how leading global companies recruit and retain talent.
“As companies accelerate their focus on developing their people and building more agile workforces, Beamery’s cutting-edge solutions and clear vision for transforming talent can provide a competitive edge. We’re excited to partner with them on this journey.”
Christie Smith, Global Lead for Talent & Organization / Human Potential at Accenture, said: “As a result of our successful working relationship with Beamery, as well as the company’s continued growth, we are excited to evolve our relationship further.
“Beamery is an innovator in this market and we believe they can help our clients transform talent recruitment, hiring and retention.”