Beamery, a London-based talent lifecycle management platform, announced that it has secured $50 million in a Series D funding round led by Teachers’ Ventures Growth (TVG), bringing the valuation to over $1 billion. With this, the firm has been added to the list of the hottest unicorns in London right now.
The unicorn firm will use the funds to support businesses through each stage of the talent lifecycle – from recruiting, to talent mobility and development, to upskilling.
“For nearly a decade, we have been hyper-focused on building technology that enables our clients to unlock the full potential of the global workforce,” says Abakar Saidov, CEO of Beamery.
He adds, “Beamery’s ethical AI-powered talent platform gives companies the intelligence they need to plan for business needs and gaps, understand the skills and capabilities they have, and attract, retain, up-skill and redeploy their workforce successfully. With this new funding, we will continue to develop ground-breaking ways for companies to understand their workforce better today and be able to plan for tomorrow, so they can create truly agile organizations ready to withstand any market turbulence.”
Talent lifecycle management platform
Founded in 2013 by brothers Abakar and Sultan Saidov, as well as Mike Paterson, Beamery is a talent lifecycle management platform that offers an end-to-end solution that lets businesses manage the complete talent relationship.
Powered by AI, the UK company provides organisations with the tool to make the right decisions about their workforce. The platform aims to support businesses through each stage of the talent lifecycle – from recruiting, to talent mobility and development, to upskilling.
As per the company’s claims, its largest customers are increasing their commitment to its platform, with net retention for Fortune 500 customers at 135%+.
With Beamery, organisations can navigate change at speed, retain critical skill sets, foster DE&I and build the workforce of the future.
The company has added global brands like BBC and Uber to its roster of enterprise clients.
Beamery says that it has helped companies progress on key talent initiatives (increase in employee tenure of 2.5x, over 20% more diversity candidates, and a 50% reduction in hiring and retention cost).
Currently, the company employs around 417 people with
- 52% from underrepresented groups
- 40% are women (56% of VP+ positions)
- 26% are people of color
“Businesses are facing an unprecedented number of challenging decisions around maximizing productivity and developing the right skills in their workforce,” says Avid Larizadeh Duggan of TVG.
He adds, “Beamery gives leaders the intelligence they are missing to understand the skills they have today, how to deploy them most effectively across key projects, and how to fill critical gaps through internal and external talent.”