RoleMapper, the AI-powered job management platform, has secured a £1million equity investment from the British Business Bank’s South West Investment Fund (SWIF), via appointed fund manager The FSE Group.
The investment is part of a £2.1million funding round that will support job creation and overall growth of the business. The funding round includes investment from Mercia Ventures, South West-based venture capital firm QantX, and existing private investors.
The £200m South West Investment Fund covers the entire South West region and provides loans from £25k to £2m and equity investment up to £5m to help a range of small and medium sized businesses to start up, scale up or stay ahead. The RoleMapper deal is the fund’s largest investment to date since its launch in July last year.
RoleMapper’s technology is disrupting how organisations manage jobs, skills, inclusivity and compliance. It can automate and transform how to plan and manage job designs and descriptions, with access to millions of jobs and skills across multiple industries, all integrated within existing human resources (HR) systems.
Sara Hill, RoleMapper Founder and CEO said: “We are thrilled to have the South West Investment Fund and FSE on board as new partners, enabling us to further strengthen our product, unique AI models and build capacity for further roll-out. We look forward to working with all our investors as we continue our growth journey and build on the progress we’ve made helping organisations create better jobs and build inclusive workplaces.”
The Exeter based business is already working with a number of large organisations including well-known global brands, local authorities and NHS trusts.
See the full press release here.
