| Sector |
Recruitment Software
|
|---|---|
| Region |
London UK, Brisbane, Sydney, Christchurch Australia
|
| Stage |
Growth
|
| Fund | Technology Growth EIS |
| Target Raise |
£2.5m
|
AI based recruitment platform.
The Investment Opportunity
Compono has developed an intelligent hiring platform, ‘Shortlyster’, which uses a sophisticated science-based algorithm to optimise the hiring process.
The founders of the Company share an understanding that for a business to succeed, employees must not only be technically sound and qualified for the job, but also aligned in upholding the ethos and values of the business. With this in mind, the cloud-based matchmaking platform quickly and holistically matches businesses together with talent according to skill, competence, passion and personality, whilst also seeking matches according to the culture and core ethos of the hiring workplace. By taking in to account these key factors, a shortlist of candidates best suited to the job is created.
By eliminating bias in the hiring process, the Company believes its disruptive platform will help businesses to combat poor recruitment practices (which can often result in major financial losses), by removing decision bias and enhancing the accuracy of candidate scoring. This saves the employer both time and money and results in an optimised workplace, which the Company believes gives the organisation a true competitive advantage.
The Company is now producing significant revenues and has a growing number of high-profile clients using the Company’s technology globally.
Milestones to Date
| 2019 | Kickstarted revenue generation which has since grown year-on-year. |
|---|---|
| 2020 | New partnership with NewsCorp Australia and the Australian Retailers Association (ARA). $2.4m deal with Tasmanian government and $7.2m deal with the Victorian government both closed. Acquired 2 other companies in the recruitment space to ensure broader product offerings. These acquisitions coupled with new capital investment has positioned the Company for rapid growth and sales transactions. |
| 2021 | Significant new contract wins. Compono secured £15m AUD venture debt facility with Marshall Investments. Completed its largest sale to one of Australia’s largest coffee chains ‘The Coffee Club’. |
Risks and Important Information
This page is a financial promotion for the purposes of Section 21 of the Financial Services and Markets Act 2000. The content of the page has been approved by Deepbridge Capital LLP. The Company may not gain the commercial traction that is forecast, it could experience development problems and may not be able to achieve its objectives. Please note that these risks are by no means exhaustive and there may be other risks which could have a material adverse impact on the Company’s financial performance. The content should not be construed as financial advice. Any decision to invest should be made only on the basis of the relevant documentation for each investment. Past performance is not necessarily a guide to future performance. The value of an investment may go down as well as up and investors could lose the total value of their investment. Investments in small unquoted companies carry a high- level of risk. These investments are highly illiquid and as such, there may not be a readily available market to sell such an investment. Tax treatment depends on the individual circumstances of each investor and may be subject to change in future. The availability of tax reliefs depends on the Company invested in maintaining its qualifying status. Deepbridge does not provide specific individual advice on the suitability of investments with regard to a potential investor’s individual circumstances, risk tolerance or investment objectives and investors should seek independent financial advice if they are in any doubt whether a product is suitable for them.