HireHand Raises Seed Capital with ClearlySo
HireHand, an on-demand staffing platform for small retail businesses, announced today that it has raised seed capital with the help of ClearlySo, Europe’s leading impact investment bank. The additional capital will be used to fund its technology development, key strategic hires, and scale the business throughout London.
Operating within one of the fastest growing sectors in the UK – independent small retail – HireHand has had significant growth in its first year of existence. The platform addresses two acute problems by matching businesses struggling to find reliable staff with a talent pool of experienced and enthusiastic individuals looking for flexible work. The company maintains a strong social mission, with a portion of its talent pool, or “Hired Hands”, coming from disadvantaged backgrounds, and counts as its referral partners Jamie Oliver’s Fifteen, The Prince’s Trust, Fight for Peace and Thames Reach.
Commenting on the capital raise, Scott Erwin, founder and CEO of HireHand, said: “The ClearlySo team were true partners and wholehearted in their advocacy for HireHand. I benefited hugely from their counsel throughout – from their critical eye in the initial stress testing of the business plan to their dogged determination in closing the round. And the ClearlySo angel network was the perfect fit for HireHand with its unique combination of commercial rigor and impact orientation. I can only hope this is the beginning of a long and fruitful partnership.”
Further commenting, Matias Wibowo, investment manager at ClearlySo: “‘Beyond HireHand’s commitment to creating social impact, for them, having strong referral partnerships with organisations like ThamesReach, Jamie’s Fifteen, and Fight for Peace actually gives them a competitive edge. HireHand is another example of an impactful approach being the better approach for business – the type of businesses that ClearlySo exclusively works with and our investors are keen to support.”
More than two-thirds of the funding round was raised directly from ClearlySo’s extensive network of high-net-worth individual investors.