HR Datahub, a Houghton Conquest, UK-based HR Tech startup, raised $1.4M in funding.

MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund, Mercia’s EIS funds, the Angel Co-Fund and private investors.

The company intends to use the funds to further enhance the platform, triple the size of its team from 10 to 30 in the next 18 months and expand its business reach.

Founded in 2018 by David Whitfield, who was joined in 2021 by co-founder Alexa Grellet, HR Datahub provides a platform that enables organizations to compare themselves to others in the same industry or same location on almost every aspect of their HR performance – including pay and benefits, retention and recruitment, employee engagement, and diversity and inclusion. Customers share their data which is aggregated by the platform and turned into industry insights to help make informed decisions.

The solution is now used by 160 organisations including Siemens, Euro Garages, EDF, Network Rail and Marks & Spencer.