Sunderland-based Shine Interview has received a £1.3m funding package to create around 20 new jobs and support a move to County Durham.
The funding includes £500,000 from North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia.
£300,000 of the funding is from Mercia’s EIS Funds and £500,000 investment from the Finance Durham Fund, which is managed by Maven Capital Partners, established by Durham County Council and overseen by Business Durham.
The video recruitment and HR tech platform is aiming to create the new jobs in the next 18 months and has a client list including Royal Navy, RAF, Reed Specialist Recruitment, University of London, Atom Bank and the NHS.
The platform works to facilitate a remote end-to-end recruitment process through live and pre-recorded video interviewing. It also is equipped with a number of recruitment tools including scheduling, diary management, video CVs and video-based engagement tools.
Ian Wilson, Fund Principal at Mercia said: “We’re delighted to further support Shine after making our first investment in 2018 and we are pleased to bring the Finance Durham Fund into the syndicate. It’s an exciting time for the business as clients look to integrate technology solutions into their hiring plans. We believe the company is well placed to build upon its network of enterprise partners with future growth.”
David Copple, Founder of Shine, added: “The recruitment landscape has changed over the last two years with the war for talent intensifying and hybrid and remote working becoming the norm. As a result, demand for our video-based tools has soared and this investment will allow us to accelerate our growth plans significantly whilst bringing further innovations to our already world-class platform. I’m hugely excited by this next stage of our journey.”
