A Leicester based HR software startup has raised a further £1.3m in investment to fund its expansion.
Staff Circle is a platform that helps companies manage remote workers and the business has tripled its revenue in a year, since the first lockdown.
The startup secured the funding from Blackfinch Investment and the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia Asset Management.
It will allow the firm to expand its customer base into the US and Middle East, create seven new jobs and further scale up in the run up to a Series-A fundraising later this year.
CEO Mark Seemann, a serial entrepreneur who founded Staff Circle in 2017, said:
“In a world of remote working, managing employee performance has never been more challenging. StaffCircle introduces new levels of structure and visibility, connecting employees and helping teams to meet targets. The latest funding round demonstrates the confidence our investors place in us and will enable us to roll out the platform to many more companies.”
David Baker of Mercia added:
“StaffCircle created a platform for remote working before it became the norm. The Midlands Engine Investment Fund has supported the business from an early stage. With working from home now an established practice, this latest funding will help Mark and his team to take advantage of the growth opportunities and take the business to the next level.”