Elements Talent Solutions, a disruptor to the $200+ bn worldwide recruitment market, has received 拢3.45m investment from BGF (老九品茶 Growth Fund).
The company will use the funds to accelerate its growth across Europe, the US and the APAC region.
While recent years have seen no shortage of technological innovation in the hiring market, Elements has pioneered a model which focuses on people and seeks to change the fundamental ‘transaction’ mechanics of the industry.
Its embedded model involves Elements consultants working on-site alongside clients’ existing recruitment model and partnering with them on every stage of the hiring process.
Elements has attracted clients from global brands such as Spotify, iZettle, GoCardless, Just Eat and聽King.com, the company behind the game Candy Crush.
Supported by its growing, globally recognised brand and loyal client base, the business has grown its headcount from three to 90 and increased revenues tenfold in the last three years.
While Elements鈥� growth to date has largely been driven by partnerships with high-growth technology companies, the business now works with companies of all sizes and across a broad range of sectors with a growing number of opportunities in the US and Asia-Pacific regions.
The investment from BGF will fund new offices in US and Europe and double headcount over the next 12 months.
鈥淲e鈥檙e very aware of the ambitious nature of what we鈥檙e trying to achieve here,鈥� said Elements CEO Daniel Goldstein.
鈥淔or as long as I can remember, the recruitment industry has been characterised by poor professional standards and a consequent lack of trust and respect from clients.
鈥淥ur embedded model seeks to subvert that dynamic completely. By investing heavily in the training of our people, we create talent acquisition professionals who are experts in their domain.
鈥淭he result is genuine partnerships with our clients, where the 鈥榰s鈥� and 鈥榯hem鈥� divisions of traditional recruitment are replaced by a united team laser-focused on delivering the best possible result for the hiring company.
鈥淥ur ultimate vision is to change the perception of this industry, so that Talent Acquisition experts are viewed in the same way as lawyers, accountants or consultants from the Big Four.
鈥淏GF was the stand-out option when we decided to look for investment for a number of reasons – not least their own clear preference for working in a spirit of true partnership.
鈥淲e can鈥檛 wait to collaborate with them to bring the embedded model to new sectors and geographies in the coming months and years.鈥�
Rahul Satsangi, BGF, said: 鈥淔uelled by an ambitious management team, Elements has disrupted the traditional talent acquisition model and successfully supported its clients in recruiting at scale.
鈥淎ccess to the best-in-class talent can be a significant barrier to growth for ambitious companies all over the world.
鈥淭he demand for Elements鈥� offering is only going to increase and we are pleased to partner with Dan and his team as they expand their global reach and broaden their sector focus.鈥�
The investment was led for BGF by Rahul Satsangi, Michael Bacon and Chris Jones.
Malcolm McDougall (Charles Russell Speechlys), Terry Heatley (Grant Thornton) and Chris Smith (FDD) advised BGF while Anthony Gahan (Wyvern Partners) and Karma Samdup (MJ Hudson) acted for Elements.