Technology startup Gigged.AI is set to double its headcount from seven to 14 and expand its presence in the talent platform industry after closing an over-subscribed £600,000 investment round.
The Glasgow-based startup launched its platform back in July, seeking to help companies hire UK digital talent in a market that McKinsey estimates will total $2.7 trillion by 2025.
Funding came from early-stage venture capital firm, Techstart Ventures, as well a litany of angel investors that includes the co-founders of Aquila Insight; Edinburgh-based crypto startup, Zumo’s, co-founder Nick Jones and Grant Fraser – chief executive of Glasgow-based mobile marketing agency, Digitonic.
Last April Gigged.AI was awarded a grant from Innovate UK’s Sustainable Innovation Fund to further develop its technology.
Gigged.AI CEO, Rich Wilson, said: “Since our launch in July 2021, the response to our product has surpassed our expectations and confirmed there is a substantial market for our proposition at a time when how we work is changing.
“Techstart and our other prominent investors are the ideal partners to help us scale to reach a much wider audience and further develop our offering to position us at the forefront of the global talent platform industry.”
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The investment money – as well as being used to increase headcount – will be used to develop Gigged.AI’s technology for future product launches, one of which will be an internal talent marketplace
Calum Forsyth, Investor at Techstart Ventures, stated: “We are delighted to back Gigged.AI and join them on their journey to revolutionise how organisations engage with top-tier freelancers.”
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