GLASGOW-based recruitment technology firm Candidate.ID expects to create jobs in the city after raising £630,000 from investors against a challenging market backdrop.
Canididate.ID will use the funding provided by Blackfinch Ventures to support a push for growth.
It has developed software that allows firms to scan social media for suitable recruits and then to cultivate links with them.
Glasgow technology firm recruits big hitter as chairman
Chief executive Adam Gordon reckons the prospects for Candidate.ID to win business are good although the outlook for the economy is mired in uncertainty amid the fallout from the coronavirus.
He expects demand for technology that can help firms to automate processes is likely to increase.
Candidate.ID has enjoyed an increase in enquiries in recent weeks from firms working in sectors such as biotechnology and pharmaceuticals.
The existing customer base includes BUPA, Specsavers and life sciences company Thermo Fisher Scientific.
The firm increased sales in the first quarter of the current year compared with the same period of 2019.
It is on course to grow revenues to £1.3 million this year from £905,000 in 2019.
Mr Gordon expects Candidate.ID to recruit around eight staff to work in its sales and software development teams in coming months.
The company employs 15 people in Glasgow and three in India currently.
Fintech pioneer creating jobs in Edinburgh after growing profits amid uncertainty
Mr Gordon said the fund-raising was completed on schedule. He noted: “The team at Blackfinch Ventures really believe in our people, technology and business plan.”
Reuben Wilcock of Gloucester-based Blackfinch said the investment firm was impressed by Candidate.ID’s technology and the fact the business had already achieved global traction.
Candidate.ID raised £1,000,000 from investors based in a range of countries last year.
A graduate of Strathclyde university, Mr Gordon founded Candidate.ID with marketing specialist Scott McRae in 2016 after working in recruitment and human resources.
Shops across Scotland are closing. Newspaper sales are falling. But we’ve chosen to keep our coverage of the coronavirus crisis free because it’s so important for the people of Scotland to stay informed during this difficult time.
However, producing The Herald's unrivalled analysis, insight and opinion on a daily basis still costs money, and we need your support to sustain our trusted, quality journalism.
To help us get through this, we’re asking readers to take a digital subscription to The Herald. You can sign up now for just £2 for two months.
If you choose to sign up, we’ll offer a faster loading, advert-light experience – and deliver a digital version of the print product to your device every day. Click here to help The Herald: https://www.heraldscotland.com/subscribe/ Thankyou, and stay safe.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here