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1.5 million raised to fund adoption of iProfile

1.5 million raised to fund adoption of iProfile
Online CV and career profile provider iProfile ( is pleased to announce that it has raised over 1.5 million through leading private equity providers that supports its rapid global adoption by recruiters and employers.
Over 3 million people already have an online CV (iProfile) and the company has exclusive agreements to issue up to 12 million more verified career profiles. 
The funds raised will be used to support these national and international agreements and increase the rate of adoption by recruiters and employers, including the launch of its new online service for recruiters later this year.
An iProfile is currently created or updated every 2 seconds and recruiters everywhere, including 2 out of 3 of the worlds largest recruitment agencies, are introducing the iProfile to hundreds of thousands of their applicants every month to replace their traditional CV. 
The company also launched the SkillsProfile, a verified online record of an employees skills and qualifications, earlier this year and already has exclusive agreements with 6 of the largest employer led, Government backed Sector Skills Councils,.
By 2012 iProfile predicts that over 70% of the UK workforce will own a career profile.
Daniel Elkins, Founder at iProfile, commented: To have raised any additional funding in todays climate is remarkable and shows how strong our business model is. Our aim to provide every worker and job seeker with a verified, online career profile that they can build and maintain throughout their career is fast becoming a reality. For recruiters this means lower operating costs and finding the right candidates faster.  For employers this means greater visibility over their workforce, improved compliance and more targeted training. For you it means capturing your achievements and planning your career to achieve the most that you can.
The investment is being funded by private equity providers, Foresight Venture Partners and Titan VCT, which is part of the Octopus Group, along with a number of private investors. These include Richard Koch, co-founder of LEK, the leading management consultancy, and a major investor in Betfair and other successful Internet companies.


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