Member Article

Newcastle graduate recruitment specialists secure £100k investment

Hoult’s Yard-based Gradvert have secured a further £100k investment as it looks to expand its team and raise its profile across the UK.

The Newcastle business, which also has a second base in London, attracted funding from the Rivers Capital-managed Finance for Business North East Angel Fund, a fund focused on startups and businesses with high growth potential.

It marks another step in the evolution of the graduate recruitment and training firm, who provide a range of graduate recruitment schemes in tandem with UK universities and organisations, as well as graduate training and coaching programmes.

As Managing Director Michaela Reaney outlined, the new funding will allow Gradvert to hire a new member of staff and build its sales and business development focus as it looks to reach out to even more of the UK’s graduates and help them launch successful careers.

Michaela added: “This funding will allow us to reach more people and support in the development of skills and behaviours that will enable them to launch successful careers.

“We aim to raise our profile across the UK and will use the investment to bolster our existing sales and marketing activities.”

Kristine Murane, who is an investment executive for the Angel Fund, was excited by the North East firm’s growth plans and believes the dedication of the organisation’s employees played a big part in it successfully securing the funding.

She said: “Gradvert has shown continual growth since its incorporation four years ago and has a proven track record with a core client base. With such a dedicated team in place we are delighted to be able to commit funds at this time and support the organisation’s growth plans.”

Local law firm Ward Hadaway advised Rivers Capital on the Gradvert investment, led by Partner Imogen Howard who added: “We are very pleased to have worked again with the team at Rivers Capital on another investment from the Finance for Business North East Angel Fund.

“Gradvert has some exciting and ambitious plans for its future growth and hopefully this injection of funding will help the company to progress further.”