London-based TalentMapper secures €2.3M to help companies develop and retain talent: Know more

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London-based TalentMapper, a platform that focuses on identifying and developing skills within organisations, has secured £2M (approximately €2.37M) in fresh funding from Mercia Ventures and Haatch.

Stephen Windsor, Investment Director with Mercia Ventures, says, “The need to optimise the skills of the workforce has never been more important. Employee turnover has risen sharply since the pandemic and companies are having to try harder to retain staff.”

“At the same time, they are trying to accommodate a new, and more digitally savvy, generation into the workplace while also planning to reskill their workforce to meet the changes that AI will bring. TalentMapper is a forerunner in the emerging field of SkillTech which aims to address these challenges.”

“It (TalentMapper) has achieved remarkable growth in a short space of time which demonstrates the demand within the market and the value it provides to employers. We are pleased to help Martin and Carl as they scale the business and roll it out to a wider audience.”

Capital utilisation

The UK-based company, launched 18 months ago, has gained clients such as Dunelm, Danone, and Mountain Warehouse, and reached annual recurring revenue of over £700K. The funding will support platform improvements, team expansion, and growth.

TalentMapper’s founder and CEO, Martin Mason, says, “We wanted to make it easier for companies to manage global talent and ensure they have the right people in the right place at the right time. By putting the emphasis on skills, TalentMapper also helps ensure employees are promoted for their capabilities. I have seen so many talented people overlooked for promotion because they weren’t a replica of their boss.”

“The funding will enable us to build our team to cope with growing demand, add new features to enhance the platform and scale for growth by targeting other sectors, including financial and professional services.”

Created by HR experts for HR teams

Founded in 2022, TalentMapper is a platform designed for businesses with over 250 employees. It helps HR teams assess workforce capabilities, reduce recruitment and training costs, and ensure equal career opportunities.

It also guides employees through career development and connects them to learning management systems.

TalentMapper claims that businesses using the platform have experienced a two-fold increase in gender diversity and a four-fold increase in ethnic diversity in new appointments.

The company was founded by Martin Mason, an HR professional who sought a solution to manage and upskill a global workforce using spreadsheets. He partnered with Carl Tucker, a software design and development expert, to create the platform. TalentMapper uses AI and machine learning, trained on 675 million career histories.

Brief about Mercia Ventures

Mercia Ventures is a venture capital investor that focuses on growth. It makes equity investments of up to £10M in various sectors, including software, consumer, healthcare, and deep tech

It is part of Mercia Asset Management PLC and operates alongside its private equity, debt, and proprietary capital operations. With 11 UK offices and a team of 48 professionals, Mercia Ventures leverages its expertise to help partner companies achieve their goals.

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Vishal Singh

Vishal Singh is a News Reporter and Social Media Marketing Lead at Silicon Canals. He covers developments in the European startup ecosystem and oversees the publication's social media presence. Before joining Silicon Canals, Vishal gained experience at the Indian digital media outlet Inc42, contributing to its growth with insightful content. Despite being a college dropout, his passion for writing has driven his career in journalism.

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