We are thrilled to announce Tribepad has secured a £12m investment from BGF – one of the largest and most experienced growth capital investors in the UK and Ireland.
With BGF’s investment, Tribepad will be able to support even more companies to recruit the right people effectively and fairly, as well as develop new features and functionality that will enhance the user experience.
Tribepad is driven by the simple aim of making the recruitment process better and fairer for everyone. Our software is proven to generate positive outcomes for candidates and employers, so that the right people are hired for the right jobs. Having grown the business organically since inception, we wanted to find an investment partner that understood our proposition, recognised the market potential and could help turbo-charge Tribepad’s growth. BGF’s team have delivered on this from the start, and I look forward to working closely with them on the next stage of Tribepad’s growth journey.
After more than a decade at the heart of Tribepad, our CTO and co-founder Dan Kirkland will be stepping down to pursue other interests. He will be greatly missed by our team and our customers.
What we’ve achieved in just over a decade is phenomenal. I’m really proud of what we’ve built, the team we’ve become, and the customers we have. Thanks to every team member, customer and partner for trusting us and me. I’m really excited for Tribepad and look forward to hearing about its future whilst on my next journey. Thank you to everyone.
The deal was led by Rob Johnson and Linda Nguyenova, investors in BGF’s Yorkshire team.
As part of the investment, Andy McRae – part of BGF’s Talent Network – has been appointed as non-executive chair. He brings a wealth of experience from across the recruitment and technology sectors, having previously worked with a range of PE-backed businesses and entrepreneurs
Tribepad has built a feature-rich platform that’s helping organisations across the country improve their ability to source and attract talent. The business is well-positioned to capitalise on favourable market tailwinds that are driving ever greater adoption of recruitment technologies as organisations look to succeed in what is an extremely tight labour market. With the support of BGF and Andy McRae as non-executive chair, I’m excited to see what Dean and the team can achieve and I look forward to working closely with the business over the next few years.
Check out our blog here where we answer your Frequently Asked Questions about Tribepad’s 2023 investment.
BGF was set up in 2011 and has invested over £3bn in more than 500 companies, making it one of the most active growth capital investors in the UK and Ireland. Investing from a balance sheet of £2.5bn, BGF is a minority, non-controlling equity partner with a patient outlook on investments, based on shared long-term goals with the management teams it backs. BGF invests in growing businesses in the UK and Ireland through its network of 15 offices. BGF models have now been set up in Canada and Australia, with other countries evaluating the opportunity to replicate this.