Smart Recruit Online provides an end-to-end online recruitment platform used to advertise jobs, screen candidates and manage appointments. The system is used by clients including Next, Securitas, Cap Gemini, Oak Furnitureland and Whistl, and reports an average cost per hire under £295 and an average time-to-offer of 16 days. The company achieved a ten-fold increase in annual recurring revenue to over £950,000 in the past 12 months and currently employs 14 staff. Smart Recruit Online plans to open a digital sales office in the East Midlands and create 15 new jobs over the next two years. The latest funding will be used to enhance and scale the platform ahead of a planned Series A investment next year. The business was founded by Mark Stephens, who previously ran a recruitment firm. Smart Recruit Online offers a recruitment software platform that combines modern technologies with behavioural-science insights and proven recruitment processes. Designed by Mark Stephens, the system helps companies attract talent online quickly and at low cost. It is used by over 700 businesses, including Next, JCB, Securitas and Whistl. The platform reports an average cost per hire of under £300, an average time-to-offer of 16 days and a 94% vacancy fill rate. The company has a 12‑strong team and plans to use new funding to further develop its technology and expand headcount, creating up to six new jobs. The business is based in Milton Keynes, UK.

Total raised

$3M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2022