RoleMapper, an Exeter-based HR tech company, has raised $2.09 million (£1.75 million) in a funding round to boost the growth of its AI-powered job design platform.
The round was led by Mercia, with participation from existing backers Qantx and private investors.
Launched by Sara Hill in 2019, RoleMapper helps organisations design and structure jobs that improve diversity and skills-based hiring. It provides a platform for HR leaders to redesign and simplify organisational job structures in readiness for new and future ways of working, which includes skills-based hiring as well as hybrid and flexible working.
RoleMapper also designs and automates the creation of inclusive job descriptions, which gives managers the ability to attract candidates from more diverse backgrounds, as well as comply with equality laws or legislative changes.
The company said the latest funding will enable it to further develop its AI-powered platform and continue to grow its client base in the UK and US. It will enable it to add new features to the platform, boost its sales and marketing, and expand its team with a number of new hires.
Sara Hill, Founder & CEO of RoleMapper, said,
Large organisations are currently facing significant challenges. Skills shortages mean finding the best talent is proving harder than ever, and this is down to outdated job structures and job descriptions – as well as the need to improve diversity and offer greater flexibility to maintain a competitive edge. Organisations need a better understanding of the skills each role requires so they can benchmark jobs and pay grades. RoleMapper helps with all of these. The funding will allow us to roll it out to further grow our presence in the UK and the US.
Rafael Joseph, Investment Manager with Mercia, added,
We are delighted to be backing another South West company, and one that promotes diversity and inclusion. RoleMapper offers a unique range of services, some of which would previously have been carried out by large consulting firms at substantial cost. It has rapidly gained traction and attracted an impressive blue-chip client list. The investment will help it to establish itself as a ‘must have’ tool to help organisations navigate the future of work.
RoleMapper raised $1.13 million (£950,000) from Qantx and angel investors in 2020.
