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Smart Recuit Online secures additional £2m investment from MEIF

Smart Recruit Online has secured an additional £2 million investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), Mercia’s EIS funds and private investors.

The Milton Keynes-based company, which currently employs 14 staff, is set to open a digital sales office in the East Midlands and plans to create 15 new jobs in the next two years. The latest funding will also enable it to enhance and scale up its platform in the run-up to raising a Series A investment next year.
Smart Recruit Online enables businesses to find and hire the right staff online while reducing costs. The system provides everything needed to run recruitment campaigns – from advertising jobs to screening and appointing candidates. It is used by clients including Next, Securitas, Cap Gemini, Oak Furnitureland and Whistl. It claims an average cost per hire of under £295 and an average time-to-offer of 16 days.

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