AI-powered skill swapping startup secures six figure pre-seed investment

A London startup with a machine learning-powered platform enabling skill swapping and data insights into skill demands has secured six-figure investment.

Tech firm eSwapp has raised £350k in a pre-seed investment round led by an unnamed private angel investor.

Founded by Uyen Ngo, a former marketer for multinationals such as Danone and GlaxoSmithKline, eSwapp allows individuals to swap skills as well as enabling businesses to access and analyse data around skill demand.

Uyen Ngo, eSwapp CEO, commented: “The incredible thing about eSwapp users is no two are the same. We’re not here to “match” people. We’re here to bring together swappers and their valued skills and empower organisations to know in real time what skills are missing.

“Our three-layer mathematical model, developed by a former associate at Yale and Cambridge University, makes skill predictions to help organisations get ahead of the curve with strategic business decisions backed by smart data.

“This pre-seed round will go towards new hires, fine-tuning our product development, and a solid client acquisition and retention strategy.”

eSwapp’s private investor added: ’I am thrilled to invest in and partner with eSwapp to bring its array of benefits to more companies through skill sharing and knowledge transfer in the workplace.

“They help to solve some of the biggest pain points in business, and I see huge potential in eSwapp’s approach towards unlocking the potential that already exists within organisations.”