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Blackfinch invests in award-winning recruitment software company Candidate.ID

Blackfinch has invested c.£630,000 in Glasgow-based company Candidate.ID, founded in 2015. Candidate.ID offers recruitment software that provides recruiters daily hot leads based on candidates’ interactions with a company’s online content.

Candidate.ID’s talent platform is a fast-track solution to hiring for both mid-large employers and specialist staffing companies. Its sophisticated technology and software can replace a company’s customer relationship management system to provide enhanced recruitment performance. Its technology, packaged in a simple-to-use interface, sits on top of a company’s applicant tracking system and works as the core system of candidate engagement.

With a range of time and cost-saving smart features including candidate sourcing, recruitment analytics, candidate management and email marketing, Candidate. ID’s goal is to ease the recruitment process.

Candidate.ID is currently being used by international employers including BUPA, IQVIA, Nielsen, Specsavers and Thermo Fisher Scientific.

The investment from Blackfinch will allow the company to focus on its ambitious revenue growth plans while further developing the machine learning behind its solution.

Adam Gordon, co-founder and CEO of Candidate.ID, said, “The team at Blackfinch Ventures really believe in our people, technology and business plan. We are excited about working with them and accelerating our mission to make recruitment more effective for every employer and a better experience for every candidate.”

Dr Reuben Wilcock, Ventures Director at Blackfinch Ventures, added, “Recruitment has seen significant disruption in recent years as technology solutions automate processes, increasing productivity. We chose to invest in Candidate.ID because we believe in the team’s vision for automated talent recruitment and a more positive experience for job seekers. We were also impressed with the recently re-launched platform and how the company has already secured global traction.”

Kirsty Smith, legal director at UK law firm TLT, which advised Blackfinch on the deal, says: “This is a great example of a timely investment in a fast-growing company that’s disrupting the marketplace. Scotland’s tech scene is growing fast and it is exciting to see businesses like this continuing to attract investment. We are delighted to have worked with Blackfinch again on another successful deal.”

Blackfinch is an established provider of Enterprise Investment Schemes (EIS). Backed by expertise and a broad network of relationships, the Blackfinch Ventures EIS Portfolios bring access to EIS tax benefits, along with the prospect of significant returns for investors.

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Blackfinch invests in award-winning recruitment software company Candidate.ID

By TLT LLP16 Apr 2020