London recruitment platform secures £200k seed investment for launch

A London recruitment platform has announced that it has secured £200k in seed investment from a range of investors.

Gradfuel, a data-driven graduate hiring platform, has secured the £200k from ex-directors from Merrill Lynch, J.P. Morgan and Goldman Sachs, as well as early investors for Mindful Chef and Patch Plants.

The graduate recruitment platform, valued at £1.05m, acts as an intelligent personal job assistant for recent graduates.

The investment will be used to launch the platform commercially.

Elliot Mitchell, founder of Gradfuel, commented: “This is the start for what we envision an evolving success story for graduates and companies alike.

“We pride ourselves on offering a unique, democratised model to the graduate recruitment market, focusing on the strengths and personality traits of recent graduates and working closely with employers to identify the applicant that would flourish at their company.

“This latest investment round will continue to grow Gradfuel’s employer portfolio and help improve their technology around guidance for graduates as they start their careers.

“Our investors believe in our vision and we’re confident in our ability to provide support for graduates by guiding them into their next chapter.”

Dan Doherty, recruitment manager at Capgemini, added: “Capgemini is committed to ensuring the employment of young talent into the company, and as such, we are excited to be partnering with GradFuel and using their data-driven graduate hiring platform.

“Importantly, it will allow us to attract diverse talent from all backgrounds and across the UK, thanks to GradFuel’s online presence and matching abilities.

“It will be exciting to see how they progress their platform, to help bring together diverse talent and companies like ourselves.”

Patxi, private investor, commented: “The lack of guidance about career paths for graduates is enormous.

“We believe in Gradfuel’s vision and ability to match candidates’ profiles with job opportunities in a much more effective and cost-efficient way than traditional channels, benefitting both job seekers and employers.”