According to reports, around 50% of all employees will need reskilling in the next few years. The potential GDP growth over the next decade could face a risk of $11.5 trillion as many countries fail to close the skills gap. The London-based startup Spotted Zebra is helping employers solve the skills-gap crisis by driving the shift to skills-based organizations, a trend that is sweeping the globe.
In a recent development, they’ve secured $1.8m in seed funding in a round led by London-based early-stage fund Playfair Capital, which closed a $70M third fund and backed Sourcerie and Recycleye recently alongside participation from Entrepreneur First.
With its mission to power skills-based organisations, Spotted Zebra aims to disrupt the HR tech space, creating a more agile, productive, and engaged workforce for the future.
“The magnitude of the skills-gap crisis is astonishing. More than half of companies around the world cannot find the skills they are looking for. Many companies are responding by adopting a new operating model for workforces; one that sees skills as the fundamental building blocks of work. But up until now there was no coherent technology solution to support such a transition. Spotted Zebra changes that! We power skills-based organisations,” said Ian Monk, CEO of Spotted Zebra.
The rise of the skills-based economy has led to increasing demand for skills flexibility and adaptability, and Spotted Zebra is well-positioned to provide organisations with the technology enabler they need to thrive in this new world. Joe Thornton, partner at Playfair Capital, said, “We are excited to partner with a team that is defining a new SkillsTech category within the £30bn HR Tech space; one that puts skills at the heart of all people-decisions.”
Resolves skills gap problems
In 2020, Ian Monk and Nick Shaw founded Spotted Zebra in London to help the world’s largest companies become skills-based companies. In order to provide impactful solutions to critical business issues, they have created this platform by combining technology, science, and people. By enforcing a data-driven approach to people decisions, it allows organisations to adopt a skills-based approach, which embeds best practices.
This model is based on skills-based decision-making and its impact on performance, diversity, culture, and managerial insight.
