A tech company in Exeter that helps organisations recruit more diversely has raised £1.75m in its latest funding round.
Role Mapper has developed a platform that allows companies to design and structure jobs that improve diversity when hiring staff. Its technology also helps firms recruit candidates based on their skill set rather than educational background - as well as hybrid and flexible working.
The funding round was led by asset management firm Mercia and included existing backer Qantx and private investors.
Role Mapper said the cash injection would help it to further develop its AI-powered platform and continue to grow its client base in the UK and US.
Sara Hill, the company's chief executive, said: “Large organisations are currently facing significant challenges. Skills shortages mean finding the best talent is proving harder than ever, and this is down to outdated job structures and job descriptions – as well as the need to improve diversity and offer greater flexibility to maintain a competitive edge.
"Organisations need a better understanding of the skills each role requires so they can benchmark jobs and pay grades. Role Mapper helps with all of these."
Ms Hill, a former management consultant who previously founded Capability Jane Recruitment, launched Role Mapper in 2019. She was later joined by Gill Stewart, who has 20 years’ experience in senior roles in the recruitment industry and is now chief operating officer.
The company raised £950,000 from Qantx and angel investors in 2020. The latest funding round will enable the business to add new features to the platform, boost its sales and marketing and expand its 22-strong team, Role Mapper said.
The investment follows the launch of Mercia’s Bristol office in December last year. Rafael Joseph, investment manager at Mercia, added: “We are delighted to be backing another South West company, and one that promotes diversity and inclusion.
"Role Mapper offers a unique range of services, some of which would previously have been carried out by large consulting firms at substantial cost. It has rapidly gained traction and attracted an impressive blue-chip client list. The investment will help it to establish itself as a ‘must have’ tool to help organisations navigate the future of work.”
Last year, Role Mapper was named on a list of early-stage companies at the forefront of technology across the UK.
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