Mercia led a funding round that brought in £1.75 million for an HR tech company based in Exeter. This company helps companies design and structure jobs in ways that improve diversity and hiring based on skills.
Sara Hill, a former management consultant, started RoleMapper. She also started Capability Jane Recruitment, a company that helps companies find professionals looking for flexible or part-time jobs.
After launching the platform in 2019, she was joined by Gill Stewart, who is now the chief operating officer and has 20 years of experience in senior roles in the recruitment industry.
The RoleMapper platform is made for large organisations and is meant to help HR leaders “redesign and simplify organisational job structures” to get ready for new ways of working.
It also plans and automates the making of job descriptions that include everyone.
The funding round, which was led by existing backer Qantx and included private investors, will allow RoleMapper to improve its AI-powered platform and keep adding customers in the UK and US.
In 2020, Qantx and angel investors gave the company £950,000. It will be able to add new features to its platform, improve its sales and marketing, and hire more people to join its 22-person team.
Hill said: “Skills shortages mean finding the best talent is proving harder than ever, and this is down to outdated job structures and job descriptions – as well as the need to improve diversity and offer greater flexibility to maintain a competitive edge.
“Organisations need a better understanding of the skills each role requires so they can benchmark jobs and pay grades. RoleMapper helps with all of these. The funding will allow us to roll it out to further grow our presence in the UK and the US.”
The investment follows the launch of Mercia’s Bristol office in December last year.
Rafael Joseph, investment manager with Mercia, added: “We are delighted to be backing another South West company, and one that promotes diversity and inclusion.
“RoleMapper offers a unique range of services, some of which would previously have been carried out by large consulting firms at substantial cost. It has rapidly gained traction and attracted an impressive blue-chip client list.
“The investment will help it to establish itself as a ‘must have’ tool to help organisations navigate the future of work.”