Dublin software company Induction Manager has raised €400,000 in investment from angel investors and as a result will create nine new jobs.
The company provides an online induction platform for large organisations in the UK who struggle to induct large numbers of contractors and employees.
The investment came from the Halo Business Angel Network (HBAN), Enterprise Ireland, private investors, and Cork-based Boole Investment Syndicate, which provided €100,000 of the investment.
Seán Fennell and Julie Currid, who both have a background in online learning, founded Induction Manager in April 2012. The gap in the market was identified as organisations described their challenge in inducting large numbers of contractors or employees and experiencing a bottle neck with traditional methods.
“We were doing well and had a number of high-profile customers on board, particularly in the UK, so we knew there was an opportunity for us to grow faster and create more jobs,” Fennell explained.
“Having a number of customers on board before we approached the investors offered additional credibility to our business. Now that we have secured the investment, we are taking on additional employees and with our strong growth path, I foresee additional positions being created early next year.”
Induction Manager now has more than 30 customers, including Adobe, Pfizer, British Gas and Sodexo, who this year used the platform to train thousands of event contractors before they arrived to work at the Royal Ascot Racecourse.