Talent Mapper Funding News – London-Based Talent Mapper raises £2M

Jan 17, 2025 | By Startuprise

Talent Mapper, a London-based business that uses a platform to identify employees' skills, has secured £2 million from Haatch and Mercia Ventures.

By analyzing the workforce's potential and skills, TalentMapper helps HR departments lower training and recruitment costs while promoting fair access to professional options. In order to assist employees reach their maximum potential, it serves as a "satnav" for career development, guiding them through each step and connecting them to learning management systems. Businesses utilizing the platform have reportedly improved their ethnic diversity by four times and their gender diversity in new hires by two times, according to the startup.

Talentmapper works well for businesses with more than 250 workers. TalentMapper has approximately £700,000 in recurring revenue annually and has clients like Dunelm, Danone, and Mountain Warehouse. With the money, the business will be able to build the platform, hire more staff, and keep growing. Its AI and machine learning technology has been trained on 675 million employment records to date.

Martin Mason, founder and CEO, said: “We wanted to make it easier for companies to manage global talent and ensure they have the right people in the right place at the right time. By putting the emphasis on skills, TalentMapper also helps ensure employees are promoted for their capabilities. I have seen so many talented people overlooked for promotion because they weren’t a replica of their boss.

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“The funding will enable us to build our team to cope with growing demand, add new features to enhance the platform and scale for growth by targeting other sectors including financial and professional services.”

Stephen Windsor, Investment Director with Mercia Ventures, added: “The need to optimise the skills of the workforce has never been more important. Employee turnover has risen sharply since the pandemic and companies are having to try harder to retain staff.

At the same time they are trying to accommodate a new, and more digitally savvy, generation into the workplace while also planning to reskill their workforce to meet the changes that AI will bring. TalentMapper is a forerunner in the emerging field of SkillTech which aims to address these challenges. It has achieved remarkable growth in a short space of time which demonstrates the demand within the market and the value it provides to employers. We are pleased to help Martin and Carl as they scale the business and roll it out to a wider audience.”

About Talent Mapper

Talent Mapper helps you match your current and future talent needs with your business goals and strategy. By identifying your team’s strengths, skills, and talents, you can unlock their potential and create a happier, more engaged, and productive workforce.