A Leicester based SaaS startup that helps organisations manage the performance of remote employees has raised another £3m.
Staff Circle has received funding from Blackfinch Ventures and the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund.
The latest investment round brings the total funding raised by the company to date to £5m.
StaffCircle has more than doubled its customer base in the last year and now offers its services to 125 organisations from different industries.
The move to hybrid working has helped fuel the company’s growth. In the previous financial year to the end of March, it has almost tripled its annual revenue bringing it to over £800,000, and is on course to break through the £1m mark in the coming months.
Mark Seemann, Founder and CEO of StaffCircle, said:
“With hybrid working here to stay, companies need the right technology to manage and motivate teams in different locations. StaffCircle is helping an ever-increasing number of organisations to keep their employees connected and improve productivity. We are delighted to have continued support from our existing investors. The latest funding round will help us to build momentum and take the company to the next level.”
For more on this story visit here.