Early talent recruitment market specialist Careerpass has secured a £2m investment to support the acquisitions of Gradcore.com and Graduate-jobs.com. This move will add to the firm’s growing number of brands, which consolidate the early talent recruitment space to continue building the workforce of tomorrow.
A leader in graduate recruitment, Careerpass helps employers identify the best talent for their business by providing media and advertising support, tech solutions for virtual connectivity and even offering employability tools to universities.
More than three million students and graduates have used the Careerpass Network in the past 12 months, equating to 50% of the recent student and graduate population. Additionally, more than 250 employers have used the Careerpass Network in the past year to identify the right candidate for their business and up to a third of UK universities have used the firm’s tech solutions to assist in making their most recent graduate appointments.
BOOST&Co chose to work with Careerpass due to its strong management team, which has implemented an efficient acquisition strategy. After hiring a further 11 employees to support these acquisitions, the business is in a strong place to accelerate its growth in the years to come.
BOOST&Co is a leading provider of growth capital for innovative, fast-growing UK SMEs. The independent asset manager offers loans from £1m to £10m, covering a wide range of sectors, with a strong track record in technology, media and telecommunications (TMT). It has funded more than £500m across more than 130 deals to date and provided close to £200m under the government’s CBILS initiative to support UK SMEs during the pandemic.
Zac Williams, chief executive of Careerpass Network, says: “Our growth strategy is to consolidate the early talent marketplace. Covid-19 has presented many challenges in our industry, but has also provided a real opportunity.
“BOOST&Co recognised this opportunity and took the time to understand not just our proposition, but also the market in which we operate. Ryan and the wider BOOST&Co team have a wealth of experience and are strategically focused, and I’m looking forward to working even more closely with them in the future.”
Ryan Sorby, head of the north and Scotland at BOOST&Co, says: “It was great to work with Zac and the team at Careerpass Network, and to support them with a funding package that has enabled them to make two fantastic acquisitions. The opportunity to consolidate not only creates value, but also brings together a breadth of skills and experience that will ultimately serve the early talent market even better.
“The Careerpass team will no doubt continue to take the lead in providing employers, universities and talent with an innovative, unique recruitment solution.”