London recruitment platform secures £5m for new jobs and expansion
A recruitment platform has secured £5m in funding to expand and create new jobs.
Tempo, which has offices in London and Manchester, has secured £5m in a Series A funding round led by the Adecco Group.
The funding will be used to invest in technology and to expand in the UK, with plans to increase the headcount from 35 to 50 in 2020. Ben Chatfield, CEO and co-founder of Tempo, commented: “We started Tempo because we wanted to transform the recruitment process, from what can sometimes feel like a slow trudge, into an exciting and enjoyable journey.
“Today we have a platform that’s helping tens of thousands of businesses and job seekers through the hiring process, and with the backing of the Adecco Group, we are ready to deliver our vision across the UK and internationally.
“The UK job market has faced a hugely challenging few months, yet in this time we’ve seen a lot of companies adapt brilliantly by digitising their recruitment processes and introducing video interviews.
“We’re delighted to have a product which can help businesses to keep moving forward in a post-Covid world, while providing people with much-needed access to work.”
Teppo Paavola, chief digital officer at the Adecco Group, said: “In a short space of time, Tempo is already making a real impact on the recruitment sector with their technology-based approach.
“We have been impressed not only by the Tempo team and product, but especially by the feedback from employers and job seekers.
“This investment is consistent with our own focus on digitisation and enhancing our client and candidate experience through leading-edge technology.
“We are very excited to become part of Tempo’s story and we’re looking forward to adding the experience, expertise and ecosystem we bring as the world’s leading HR solutions partner.”
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