Adepto, a skills-based Total Talent Software as a Service (SaaS) platform has raised £2 million in funding from Conviction Investment Partners (CIP), Triple Point, and other investors. The round led by CIP brings the total amount raised by the startup to date to £4.7 million, with the capital to be used on Adepto’s global operations and the rollout of its new commercial models.
Founded in 2013 in Brisbane by its current CEO, Adepto now supports multinational large enterprises such as AECOM, BAE Systems, Atos, and Capita. By resourcing the best talent into the right roles, Adepto helps them reduce their time-to-hire and improve internal mobility. With an access to real-time skills data, the startup’s software integrates with existing HR, Procurement and ERP technologies to give its customers an overview of all the talent that’s available to them.
Though it originated Down Under, London-headquartered Adepto already operates on a global scale — having blue-chip clients in Europe, US, and the APAC region. The recently closed funding round is supposed to further enable the company’s expansion plans in these markets. Chris Milligan, CEO of Adepto stated: “To date we have had 100% customer retention, and over the last three years have seen 150% year on year revenue growth.” With the backing from venture capital firms known for investing in fast-growing, globally scalable SaaS businesses, Adepto is ready to grow fast.