2 years ago
HR Datahub Secures £1.4 Million Funding for HR Performance Platform Expansion
HR Datahub, a UK-based HR Tech startup, has raised £1.4 million in funding from MEIF Proof of Concept & Early Stage Fund, Mercia, Mercia's EIS funds, the Angel Co-Fund, and private investors
The company plans to use the funding to enhance its platform, expand its team, and increase its market reach
HR Datahub provides a platform for organizations to compare their HR performance against others in the same industry or location, helping them make data-driven decisions
The platform is currently used by 160 organizations, including Siemens, Euro Garages, EDF, Network Rail, and Marks & Spencer.
ProblemTechnology
"HR teams struggle to benchmark their performance against other companies in their industry or location, making it difficult to make informed decisions about pay, benefits, retention, recruitment, engagement, and diversity and inclusion."
Solution
"HR Datahub provides a platform where companies can anonymously share their HR data, enabling them to compare themselves against others and gain insights into industry best practices."