Manchester-based Gradtouch, which enables employers to attract the best graduate talent, has received a £150k investment from GC Angels.
The latest round of funding takes the total investment in GradTouch to £1.2m and is set to double the size of its Northern Quarter-based team to 32. The company has projected turnover of £1.6m for next year and £3.2m in 2020.
Gradtouch was launched in 2013 by founders Zac Williams and Joe Twigg and describes itself as a hybrid of an advertising agency and job site. The company has grown significantly in the last three years and now works with more than 200 employers to promote and distribute their career opportunities to its network of 200,000 graduates.
The most recent equity investment loan will be used to build out the Gradtouch offering overseas, developing new projects in Germany, the Netherlands and Belgium.
Williams said: “We know that students today graduate with skills and talents far beyond their degree grade and that employers are looking past CVs and much more at getting the right kind of talent for their business.
“Using the funding from GC Angels and our other investors over the past two years we have been able to build GradTouch into a unique business that develops a real cultural fit between companies and candidiates.
“We’re looking forward to being able to invest in some of the best recruitment professionals to take our offer even wider and to reach ever more graduates and talent hungry employers.”
Darrren Gowling, Senior Investment Director at GC Angels, added: “GradTouch is a great example of the type of innovative and growth focussed tech business that GC Angels was designed to support.
“Having worked with Zac and Joe since their first funding round, we’re now supporting them with equity from both our own fund alongside other investors including Maven and Fig (First Investment Group) to ensure that they continue to put Manchester on the map with a business that really is changing the world of work.”