Sustained fast growth by Invenias attracts additional $2m funding from MMC Ventures
Throughout 2014 the business has continued to grow rapidly, releasing new products and gaining customers from more established vendors. This additional funding will enable Invenias to continue this fast growth pattern and accelerate its international expansion.
Invenias has won in excess of 200 new customers across the world in 2014, driving its incredible international growth – including Davis Search, Atlanta Healy Hunt, London Kerridge and Partners, Auckland GT Search, Sydney Park Square International, Boston RP International, London Sports Recruitment International, London Talenses, São Paulo Tesla Motors, Palo Alto The Mulsanne Partnership, London and The Up Group, London.
Chairman Mark Farmer commented, “We are very excited about the opportunity for Invenias this funding round provides further endorsement of our expansion plans. It will help us address the strong demand for Invenias in the US market, starting with the opening of a new office in San Francisco in early 2015, and allows us to grow our product and engineering ability to further support the innovation planned in our product road map.”
Jon Coker, Investment Partner at MMC Ventures, said, “We have been impressed with what the Invenias team have achieved since our initial investment - and see a huge opportunity for the business as the scope and scale of the addressable market for their technology continues to expand.”
David Grundy, CEO and co-founder of Invenias, said, “It’s been a significant year for the team at Invenias – from growing the business to more than 600 customers and thousands of users, announcing a strategic global partnership with the Association of Executive Search Consultants (AESC), and further extending the product. This latest funding from MMC Ventures will allow us to continue this momentum and accelerate our international plans in 2015.”