Alvius

Idea

Pre-emption Information

This is a pre-emption campaign for Talentpool who have raised an additional £911,091.80 from a group of new and existing investors.

As an existing shareholder in Talentpool, you have the option to exercise your pre-emption rights in order to maintain your current percentage ownership in the business.

If you would like to exercise your pre-emption rights, simply click the invest button above and follow the instructions. Your minimum allowance and further details have also been emailed directly to you.

This investment is at a price per share of £18.05, which is £7 higher than the previous round closed on Seedrs.

Introduction

TalentPool is a talent matching platform, connecting UK SMEs with recent university graduates. We're on a mission to change the way that companies find talent. We operate a little bit like a recruitment agency, but without any actual recruiters. We've created a platform that identifies suitable individuals for a role and connects them with an employer, automating what was previously a largely manual process.

As this is a pre-emption campaign available only to existing investors, limited information is being provided about the company at this time.

Intended impact

The result is a revenue-generating model, which has already achieved monthly profitability for certain months. As the process takes place on a platform, we can charge less than half the standard fees of a traditional recruitment agency, fundamentally disrupting the space in which we operate.

Job-seeking candidates sign up to TalentPool through our simple and intuitive interface. To date, we've had more than 50,000 join us. At the same time, employers with vacancies to fill sign up and launch campaigns through the platform and are supported by a dedicated Campaign Manager from launch to hire. We've worked with more than 500 companies to date, sign up new clients and launch campaigns almost every day.

Substantial accomplishments to date

In April we announced that we had been selected to supply talent matching technology to the UK public sector. Through ESPO – a public sector procurement organisation, we have been awarded a place as a supplier on the MSTAR3 national framework.

As the public sector seeks to move away from the expensive and inefficient traditional sourcing models, they are looking for a cost-effective, innovative and efficient alternative.

Monetisation strategy

Local Authorities now have had access to our technology platform, as well as Schools, Academies, Colleges, Universities, Hospitals, Registered Charities, Registered Social Landlords, NHS and Emergency (Blue Light) Services. The result is that we are now expanding into this new market with a white-labelled SaaS offering. We have launched a new brand, Alvius, under which we are now going to market with our software.

Use of proceeds

We are very excited to be at the forefront of this development, using our advanced technology and AI to provide an effective and innovative solution to help reform the way the public sector hires temporary workers.