Tech1M, a London, UK-based recruitment intelligence platform, has secured $750,000 (£581K) in pre-seed funding.
Investors
The round was led by SFC Capital and Techstars, with participation from Tech Nation, Barclays Eagle Labs, HSBC Innovation Banking, ICE Network, Vantage, 1000 Black Voices, Foundervine, and GrowLondon Global.
SFC Capital is an early-stage investment firm based in the UK, formerly Startup Funding Club. They focus on providing capital and support to British startups through a combination of an Angel Network and Seed Funds.
Techstars is a pre-seed and early-stage venture capital firm, investing in a diverse, global pool of entrepreneurs and high-growth companies. Founded in 2006, with investments in over 3,800 companies.
Tech1M Use of Funds
The company will use the funding to continue growing its platform.
About Tech1M
Founded by Tommie Edwards and Damilola Ogunmoye, Tech1M aims to reduce hiring costs, improve the quality of hires, and speed up talent acquisition. They provide a recruitment intelligence platform that leverages AI and data analytics to simplify global talent acquisition with human augmentation systems. The platform acts as a “co-pilot” for users, integrating all recruitment functions, including job boards, onboarding, talent networks, and recruiters, into one seamless system.
Funding Details
Company: Tech1M Ltd.
Raised: $750K
Round: Pre-Seed Round
Funding Month: July 2024
Lead Investors: SFC Capital, Techstars
Additional Investors: Tech Nation, Barclays Eagle Labs, HSBC Innovation Banking, ICE Network, Vantage, 1000 Black Voices, Foundervine, GrowLondon Global
Company Website: https://tech1m.com/
Software Category: Recruitment
Source: https://blog.tech1m.com/tech1m-raises-750k-to-simplify-talent-acquisition-with-human-ai-augmentation-systems