Hiring Hub, one of City AM’s top 50 UK scale-up companies, is an online marketplace that aggregates trusted recruitment agencies to help companies fill jobs faster at a lower cost. Since VentureFounders’ initial participation in November 2014, the company has doubled its total revenue to >£1m and reached EBITDA breakeven.
Hiring Hub gives companies such as Jaguar Land Rover, Iceland, Dyson and the Intercontinental Group easy access to multiple recruitment agencies; increasing their chance to hire the right candidate quickly and more cost effectively. It also provides a ready-made platform for small UK independent recruitment agencies, who have increased almost threefold since 2010. By consolidating this active but fragmented supply chain it enables employers to find them easily in one place.
Its proven technology allows vacancies to be filled 3X faster than the industry average, at approximately 40% lower cost than using recruitment agencies direct. Addressing a sizeable £8bn market, their robust and scalable technology platform offers a slick, cross-sector nationwide recruitment solution.
Hiring Hub is backed by angel investors and has a term sheet signed with a lead institutional investor. The company is now raising additional capital to build an executive team, bring software development in-house and increase marketing activity to fuel growth.