UK – Arctic Shores, a Manchester, UK-based psychometric assessment provider, raised £5.75M in Series B funding.
The round was led by Praetura Ventures, with participation from existing shareholder Beringea. Helen Verwoert, operational partner at Praetura Ventures and ex-chief people officer at Dr. Martens, and Alexander Crawford, Co-Head of Investments, at Calculus Capital, will join the board.The company intends to use the funds to accelerate the development of its soft-skills assessment and international expansion, specifically in Europe.Founded in 2014 by Robert Newry and Safe Hammad, Arctic Shores is a company providing a psychometric assessment that uses behavioural tasks and captures responses to determine personality traits which reveal potential. Collecting 10,000+ data points from an engaging interface, the application ranks which candidates are most suited to a role in a company. Existing customers include Vitality, Thales, TalkTalk, Arcadis, PwC and Siemens. The investment will accelerate the adoption of Arctic Shores’ new self-configure platform, and the launch of an innovative update to assessing workplace intelligence. Following growth in Germany including major contracts with Airbus Siemens and Schneider Electric, the investment will further Arctic Shores’ European presence and market capability to accelerate in this region.16/01/2023
