Leading recruitment software provider Tribepad has announced plans to place Sheffield at the centre of work-tech innovation, with the launch of Tribepad Ventures and a new £1m fund.
Based in Sheffield, Tribepad Ventures will serve as an incubator and accelerator for new companies in the HR technology space. As a non-executive Director of Tribepad, Alex Raubitschek joins Tribepad founders Dean Sadler and Dan Kirkland on the board of Tribepad Ventures. Alex is a specialist work tech adviser with over 20 years’ experience and will lead Tribepad Venture’s investment committee, offering strategic oversight to companies within the ecosystem.
Tribepad Ventures aims to attract work tech businesses at the incubator and accelerator stages of their life cycles. Those businesses will receive advice to help refine their ideas, scale the technology and build out business plans. These businesses will also have access to seed capital, technical support, and business coaching. Work tech businesses in the early stage of growth will qualify for Tribepad Ventures’ accelerator support. Here they can access capital, best in class technical support and scaling advice so they can achieve growth outcomes over a defined period.
Tribepad serves some of the UK’s best-known organisations including the BBC, Subway, Sodexo and Tesco. Its award-winning talent acquisition software - including its Applicant Tracking System, Video Interviewing, Onboarding and Contractor Management solutions - helps organisations save time and money in the recruitment process, all while delivering a great user experience.
Despite COVID-19, the UK is still the unicorn capital of Europe. Technology investment soared to over £10bn in 2019, more than Germany and France combined. Furthermore, UK investment in early stage companies is currently £3.9bn across 77 unicorns with three digital tech unicorns in Yorkshire alone.
Work tech businesses keen to apply to Tribepad Ventures’ programme are urged to apply through the website, here.
Commenting on the launch of Tribepad Ventures, Dean Sadler explained: “The UK economy has been hard hit by Covid-19. At the same time, we’ve seen huge changes in the way companies, large and small, operate. We’ve gone from occasional flexible working, to full-time hybrid models. And that’s thrown up huge challenges in how businesses manage and hire people.
“But we’ve hit a problem. Businesses are demanding better solutions to help them cope with these challenges. But investment is hard to come by at a time where the economy has contracted and purses have tightened.
“Through Tribepad Ventures we want to offer budding entrepreneurs our tech expertise, world leading enterprise-level technology, and anonymised data on millions of job applications to create the work-tech of the future. We want to work with new companies to help change the face of business productivity and employee experiences at businesses large and small, while driving and establishing Sheffield at the centre of tech excellence.”