Video interview software firm secures £630,000 investment
A Scottish tech start-up has announced plans to become a global leader in video interviews after securing a £630,000 investment to expand its business in key markets.
Willo aims to continue to grow the business and its presence in the United States after receiving additional funding from former Freeserve COO Mark Danby, former BT talent chief Susan McRoberts, and entrepreneur and global head of digital mobility solutions for Santander, Jose Ignacio Puente.
The recent investment from high-profile figures brings the overall investment in the Glasgow-based tech company to over £1million.
The latest funding round was led by Guernsey-based technology investment firm 1818 Venture Capital, which also invested in Willo’s previous round.
Marc Cohen, partner at 1818 Venture Capital, will now join the company’s board of directors.
The total investment of £630,000 has already been approved by HMRC. It will be used to develop new products, accelerate its commercialization and grow the Willo team of 17 people with a series of new recruits.
Its current growth plans will focus on the US and Australia, where new team members have already been recruited, as well as expansion into the UK.
The tech start-up claimed to have increased its revenue by 251% thanks to demand in various sectors. In August, the company signed 13 new businesses to the platform every day with approximately 49,860 interviews on the platform.
The business remains on target to grow its revenue to £44m by the end of 2025.
Willo is also launching a new one-way video messaging platform in Q4 to allow companies and candidates to continue the conversation beyond the initial interview.
The service is free at first, but companies start paying once they reach a certain number of interviews. Job seekers are not charged.
Euan Cameron, Founder of Willo, said: “He said: ‘This investment comes at an exciting and crucial time for Willo as we aim for further expansion in key markets – including the US and Australia – and the caliber of the investor shows the faith that exists. in what we do.
“Willo unlocks the potential of recruiting in any market unbound by geographic barriers, ensuring companies grow with the right people for part-time, permanent, or even project-based roles.”
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