NEFers launching ventures is always fantastic news for us – but when they go on to raise 1m in funding it’s music to our ears.
Chris Butcher, NEF Class 2015, announced today that his venture CharlieHR has closed a £1m seed investment round from Connect Ventures and early-stage fund Seedcamp, alongside angel investors Nick Hungerford (Founder, Nutmeg), James Wise (Partner, Balderton Capital), Alistair Mitchell (Founder, Huddle) and Ian Hogarth (Founder, Songkick), among others.
Chris pitched Charlie HR at our 2015 NEF Pitch Days held at the London Rise last summer. Since then, the venture has grown considerably, working with 650 companies across Europe.
Charlie will use this injection of capital to build further functionality into the platform, develop its marketplace offering and continue expansion into Europe.
Launched in September 2015 Charlie HR provides a free HR platform for small businesses. Through automating many of the administrative headaches that accompany a fast growing business – from onboarding new employees and managing their data securely to tracking time off and sick days – CharlieHR affords founders and their teams more of the very thing they need most: time.
While the software itself will always remain free, CharlieHR will monetise through an intelligent marketplace that enables companies to purchase a range of products and services – from software and insurance to benefits and pensions – automatically configured to consider the size and demographic of each business.
Rob O’Donovan, Co-Founder and CEO said:
“We created CharlieHR to solve our own constant frustration with boring everyday admin that got in the way of doing what we loved. Too many spreadsheets and too many emails. We felt that much of it could and should be automated, and that while building a company is hard, running one shouldn’t be.
We believe that it’s the small companies of today that will change the world tomorrow. We’re proud to be building tools that will empower them to do so, starting with any organisation’s most important asset – its people.”
To find out more about CharlieHR go to: www.charliehr.com