Tech1M funding news – UK-based Tech1M Secures $750K in Pre-Seed Funding
Jul 26, 2024 | By Startup Rise EU
![UK-based Tech1M, an HRTech platform, secures $750K in pre-seed funding to revolutionise the talent acquisition landscape. The round was led by SFC Capital (which recently backed 4D Medicine and VoltShare) and Techstar.](https://startuprise.co.uk/wp-content/uploads/2024/07/UK-based-Tech1M-Secures-750K-in-Pre-Seed-Funding-.webp)
UK-based Tech1M, an HRTech platform, secures $750K in pre-seed funding to revolutionise the talent acquisition landscape. The round was led by SFC Capital (which recently backed 4D Medicine and VoltShare) and Techstar.
SUMMARY
- UK-based Tech1M, an HRTech platform, secures $750K in pre-seed funding to revolutionise the talent acquisition landscape.
- Tech1M, founded by Tommie Edwards and Damilola Ogunmoye, combines cutting-edge AI technology with human skills to tackle pressing issues in the recruitment sector.
Additionally, Tech Nation, Foundervine, GrowLondon Global, ICE Network, Vantage, 1000 Black Voices, Barclays Eagle Labs, and HSBC Innovation Banking were involved.
Tommie Edwards, the CEO of Tech1M said: “Using traditional recruitment platforms, I’ve always felt a lack of intentionality in the craft of software in helping you find great talents. And with running my previous businesses over the years, hiring was a core part of my life. We’d spend hours sifting through applications, and scheduling interviews, all while the best talent slipped through our fingers. It felt like the system was designed to slow us down, not find the right people. That’s when I realised we needed a new approach recruiting and set out to create a world where technology empowers recruiters, not replaces them. Now, with AI handling the heavy lifting, we can focus on what truly matters – the human side of hiring.”
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The company's novel fusion of AI and human skills is poised to revolutionise the HR tech scene. Tech1M improves hiring quality and efficiency by outsourcing administrative tasks and optimising the recruitment process. The creators' extensive experience in the field and dedication to enhancing hiring practices will probably spur broad adoption.
About Tech1M
Tech1M, founded by Tommie Edwards and Damilola Ogunmoye, combines cutting-edge AI technology with human skills to tackle pressing issues in the recruitment sector. The startup, which graduated from the 2023 Techstars New York program, uses this strategy to optimise the hiring process by utilising processes that combine human and artificial intelligence.
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