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Arctic Shores Secures £ 1.5m Debt from Silicon Valley Bank – UK Tech Investment News

Arctic Shores is aiming for a global skill shortage, funded by the latest Silicon Valley Bank.

  • Arctic Shores, a pioneer in HR technology, is aiming for further growth in 2022, backed by £ 1.5 million of venture debt funding from Silicon Valley Bank.
  • This increase follows the rapid acquisition of new customers in 2021, including major employers such as Vitality, Xerox and TalkTalk.

London, UK, [12/01/2022]: Arctic coastPioneer of Psychological Assessment Received £ 1.5 Million in Venture Debt Financing Silicon Valley Bank (SVB). Financing continues another exciting year for the company, with revenues increasing by more than 50%.

Salary increases support the purpose of Arctic Shores Change the way the world sees possibilities ――Similarly 91% of employers I am struggling to play a role in the global lack of skills. Arctic Shores are now uniquely deployed to help employers see more It has a platform built to look beyond past experience and reveal true potential at work among people.

To further promote that message and continue to grow its customer base by 50% next year, Arctic Shores plans to add another 20 people by 2022.

Arctic Shores has joined Wise, HelloFresh and GoCardless as the latest high-growth, technology-enabled organizations supported by SVB. Comment on the new funding Robert Newly, CEO of Arctic Shores, said:

“The global lack of skills shows that hiring is more important than ever. Potential.. But for employers, it requires one big step-discarding the CV. It may feel like a difficult question. But unless we free ourselves from irrelevant and outdated experiences, we will never unleash the great potential of many untapped people who are quality but inexperienced. That’s why I’m excited to show the world that it’s not free with SVB support. Possible To get more people to see it, but with our talent discovery platform, it’s also simple and affordable. “

Ventikler, Venture & Growth Director of Silicon Valley Bank UK Branch, added:

“Arctic Shores is an exciting innovation company based in Manchester and it’s great to be able to support them on an impressive journey of rapid growth. We aim to grow the team further, so continue with the team. Looking forward to a successful partnership. “

SVB’s Venture Debt Financing follows Arctic Shores’ September 2019 Series A. Bellingia When Candy Ventures..

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About the Arctic Coast:

Arctic Shores behavior-based assessments offer all individuals the following opportunities: show Their potential, and all employers look That.

Today, our assessment is that the world’s most progressive companies go beyond resumes, usually A measure of human potential. In this way, they countered natural prejudices and were diverse and successful. Extraordinary The team they need most.

At the next frontier of evaluation technology, we have given something to more than 2 million candidates worldwide. different: Stress-free, unbiased experience. It really pays off for their time. Through a community of pioneering customers such as the BBC, PwC, Siemens and Capita.

First launched in 2014, it is now backed by more than 70 dedicated explorers based in Manchester and London hubs. It has grown 400% over the last four years and has been featured on BBC Click, The Times and The Guardian this year.

About Silicon Valley Bank:

Silicon Valley Bank (SVB) helps innovative companies and their investors move bold ideas forward quickly. SVB provides targeted financial services and expertise through offices in innovation centers around the world. SVB addresses the unique needs of innovators and increases their chances of success by leveraging commercial and international banking services to drive innovation for a better world. For more information, svb.com/uk..

Silicon Valley Bank is registered with number FC029579 in Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK, UK and Wales. Silicon Valley Bank is licensed and regulated by the California Department of Financial Protection and Innovation (DFPI) and the US Federal Reserve Bank. Approved by the Prudential Regulation Authority at number 577295. It is subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details on the scope of regulation by the Prudential Regulation Authority are available on request. © 2021 SVB Financial Group. all rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW, and chevron devices are trademarks of SVB Financial Group, used under license.

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Arctic Shores Secures £ 1.5m Debt from Silicon Valley Bank – UK Tech Investment News

Source link Arctic Shores Secures £ 1.5m Debt from Silicon Valley Bank – UK Tech Investment News

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