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A startup app company that connects employers with temping staff, Syft, has closed a Series A investment funding round of £6.1m.
The round, led by Spotify’s first investors Creandum, also includes backing from PROfounders Capital and Colle Capital, alongside existing angel investors such as David Haye and Lord Young, taking Syft to an overall £8.7m total funding in 20 months.
Launched in November 2015, Syft offers an online staffing platform for the hospitality and events sector in London, Manchester and Leeds.
In under two years, Syft has drawn over 4,000 job seekers, allowing them to see exactly who they are working for and what the role involves prior to the shift, without the need to go through a middle-man.
The platform allows direct access between employers and staff, and handles all payroll and tax obligations, with the employer paying staff wages and any National Insurance contributions via the app.
Co-founder Jack Beaman said: “Attracting a fund of the standard and reputation of Creandum is not only very exciting for us, but also for the UK startup scene.
“It’s exciting that we continue to see large funding rounds coming into the UK after the Brexit vote. This round will help us consolidate our position in the UK, expanding nationwide and launching new sectors.”
