$5m funding boost for talent acquisition software company Beamery

Recruitment software firm Beamery has revealed plans to double its workforce after landing a seven-figure funding boost.

The Corsham Street-based company said it will use the $5m – secured from Index Ventures with participation from investors Edenred Capital Partners, LocalGlobe and GP Ventures – to take on additional staff and open a new office in the San Francisco Bay Area.

Following the deal, the company’s product development and engineering staff will remain in London as it builds its US go-to-market team.

Beamery’s co-founder and CEO, Abakar Saidov, said: “Talent and HR used to be cost centers, necessary evils rather than unique advantages.

“In the modern economy, companies are starting to recognize that creating a world class talent function is one of most important differentiators to their success.”

Abakar added: “Beamery transforms how businesses interact with talent, and is a primary system of record for this relationship.”

Index Ventures Partner Jan Hammer commented: “Beamery is not another recruitment tool. They are entirely rethinking the role of a recruiter and changing companies’ approach to hiring.

“Companies that run on Beamery become highly strategic in developing relationships with top candidates and as a result outsmart and outpace their competitors.”

Jan continued: “We’re excited to be working with Beamery in helping them achieve their vision.”

Beamery’s customer base includes a number of international companies working in tech and retail, including social network Facebook, file hosting service provider Dropbox and online retailer Shop Direct.

Facebook’s head of global leadership recruiting, Courtney Erin, said: “Beamery is a global tool that will allow us to capture everything and improve our strategic advantage for years to come.”