inploi, the innovative talent attraction technology scale-up, has successfully raised a Seed round of £1.35 million to strengthen its growth team and expedite the go-to-market (GTM) strategy for its Software-as-a-Service (SaaS) offering, with plans for expansion into the US.
Founded in 2016, inploi originated from its founders’ shared frustration with the lackluster experience of using traditional HR tech to find and apply for job opportunities. Transitioning from a labor marketplace to a SaaS platform, the company now employs a unique Software with a Service approach, enhancing the recruitment process for hirers while providing an intuitive and seamless experience for candidates.
inploi boasts a portfolio of high-profile enterprise customers, including wagamama, Haven, Butlin’s, and FTSE-listed Compass Group UK & Ireland. Recently, they were joined by the Hong Kong-based A.S. Watson Group, the world’s largest international health & beauty retailer.
Notable figures from the recruitment industry, such as Chris Nelson and Julia Ross, along with Joshua Nott of Schmidt Futures, Ziyaad Aboobaker of 10x Value Partners, and other investors, participated in the funding round.
During the pandemic, inploi pivoted its model from a marketplace to an enterprise SaaS model and offered free access to its platform, recognizing the importance of front-line workers and the challenges in finding talent during that period.
Aboobaker praised the inploi team’s agility in making this transition, positioning the company to address the prevailing challenge faced by businesses – attracting essential talent in a historically tight labor market. He emphasized the importance of bringing innovative technology to an outdated industry ripe for transformation.
Described as the “Shopify for hiring,” inploi aims to become the dominant platform empowering the front-end hiring journey.
Matt de le Hey, CEO of inploi, expressed gratitude to both new and existing investors for supporting the company’s shift from finding product-market fit to scaling. He highlighted inploi’s unique approach of augmenting and modernizing existing systems, leading to 100% customer renewal rates across multi-year agreements.
With over a million candidates engaging with their platform this year alone, submitting 500,000 applications to 34,000 jobs, and experiencing faster job placements with reduced client spend, inploi has achieved remarkable results.
The company is also committed to catering to neuro-divergent audiences, providing opportunities to a diverse pool of applicants. inploi leverages AI to optimize the talent attraction funnel, enabling humans to focus on the human aspects of hiring while machines handle other tasks.
inploi’s dedication to accessibility and fairness extends to its partnership with accessiBe, allowing for customizability of careers hubs and applicant experiences for neurodiverse individuals or those with different abilities.
With its successful funding round, inploi is poised for further growth and aims to continue revolutionizing the hiring process with its innovative SaaS offering.
