Inbeta enjoys successful seed funding round
Inbeta, the executive talent specialist that aims to build a better, fairer executive search practice, recently announced the success of its seed funding round, led by a host of former FTSE 100 executives.
Harriet Hounsell, Chief People Officer of consumer businesses including Nomad Foods, McDonald’s and Marks & Spencer; John Clarke, Chief Digital and Technology Officer of the Metropolitan Police and formerly CIO of Primark; Sean Gogarty, formerly Divisional CEO at Unilever; and Mark West, ex-CTO of JAB Luxury GmbH are among the shareholders of this game-changing business set to become the foremost inclusive talent partner for progressive organisations.
Inbeta uses a unique combination of technology and assessments designed to overcome unconscious and institutional bias within the hiring process. Enabled by cutting-edge technology and an advanced aggregation of data and human science, Inbeta surfaces, in real time, diverse, high-calibre talents with objective potential to perform in the role in question.
How will Inbeta use the funding?
The funding will accelerate Inbeta’s growth and further its ability to use data to uncover and engage talents that are often overlooked.
Inbeta will also further its investment in expert coaches who will design and deliver bespoke programmes, using Inbeta’s intelligence to ensure that organisations and individuals thrive together. The company is driven by its strategy to compete on value by delivering better outcomes – financially, socially and culturally – for clients as they acquire and retain talent more ethically and efficiently.
James Nash, Founder of Inbeta, says: “I’m thrilled to be taking Inbeta into the next stage of its growth, backed by leading minds in the world of business and professional development. We have a unique opportunity here to do that rare thing: make the world a better place while also creating a valuable business, both to our customers and to society at large. We’ve spent the last year assembling the technology and the team to ensure we get this right.
“I’m excited to welcome Harriet and Mark to our board of Directors, bringing their expertise, energy and drive to help us succeed in our mission. Having seen first-hand the detrimental effects of the bias, uncertainty, and short-termism rife within traditional hiring and talent management, we are all determined to build a new model that fights unfairness and inefficiency at scale. This is the first step on Inbeta’s journey to helping people and businesses everywhere achieve their full potential.”
Mark West, NED at Inbeta, comments: “Inbeta is uniquely positioned to lead a change that will help finally move the needle for corporate diversity and inclusion. It’s no secret that big business needs to up its game – not just from an ethical standpoint, but for the sake of its bottom line.
“Inbeta has truly understood the crux of the issue and brought together the tools and the team to solve it at its root. I’m thrilled to be working with James and his team to help build a better, fairer future for recruitment.”