Invenias, a cloud-based hiring platform headquartered in Reading, has secured $2.8m in funding.
The company received $1.1m in new equity from existing investor MMC Ventures as well as an additional $1.7m in debt financing from Clydesdale and Yorkshire Banks.
Founded in 2005, the company says it will use the new funding to continue growing internationally and invest in R&D.
David Grundy, CEO of Invenias, said “One of the key reasons our customers opt to deploy the Invenias platform is because of our strategy of continuous innovation. We have seen tremendous demand for our software in the North American market in the last 12 months.
“This funding package will enable us to meet our growth ambitions as it will empower us to invest in our platform, our infrastructure and scale with our customers,” concluded the CEO.
Although headquartered in Reading, the company has offices in Europe, the US, Australia and Malaysia.
Jon Coker, managing partner at MMC Ventures commented: “We continue to be impressed with what the Invenias team have achieved since our initial investment and see a huge opportunity for the business as they accelerate expansion in the North American market.”