News

Back to News

19th February 2019

Leicestershire HR software firm secures £250k MEIF investment

A Leicestershire company responsible for developing the first multi-channel online and offline HR software platform has secured £250,000 investment from the MEIF Proof of Concept & Early Stage Fund, managed by Mercia and part of the Midlands Engine Investment Fund

Through its platform, StaffCircle helps its clients improve communication and feedback between employees in different location, providing them with easy access to training, tasks and contacts within the company. The equity investment is to allow the company to create five new jobs, add further software features and launch a sales and marketing campaign.

StaffCircle’s software breaches the ‘digital divide’ between office-based staff and those working at home or on site - who often miss out on official communications - by operating across multiple channels which do not rely on employees having access to the internet or email. The company has already agreed deals with a number of software resellers

StaffCircle was founded in March 2017 by Mark Seemann, an expert in communications and business workflow systems, who has previously built and sold three successful software businesses.

Mark Seemann, the CEO, said: Poor communications causes low morale and productivity, but is common within companies that have employees working from multiple sites. StaffCircle allows communications to flow through any device in any location, helping to empower and engage staff. This funding will allow us to further enhance the product and build our client base.”

David Baker, Investment Associate with Mercia Fund Managers, said:With the growing trend for remote working, Mark and his team have created a unique platform that solves a real problem for employers. This investment will help them to establish StaffCircle’s position within the UK market with a view to overseas expansion in the long term.”

Ken Cooper, MD at the British Business Bank, added:

“ The Midlands Engine Investment Fund is there to support innovative growing companies like StaffCircle. The fund has money to deploy and our managers are actively looking for Midlands companies to support.”

Kevin Harris, Chair of the Leicester and Leicestershire Local Enterprise Partnership, said:

"Leicestershire is a hub of technological advancement, and StaffCircle is a great example of the kind of innovation we seek to encourage at the Leicester and Leicestershire Enterprise Partnership (LLEP). I'm very pleased that StaffCircle has secured funding from the Midlands Engine Investment Fund, which will help secure its growth over the coming years."

Mike Jackson and Charlotte Cannell of Browne Jacobson in Birmingham provided legal advice to Mercia on the deal.

The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

Follow @midsenginv


#MEIF and @Maven_Midlands recently provided Birmingham’s oldest continuously operating company with a £1m funding boost. Toye Kenning & Spencer was established in 1685 and is using this investment to progress its growth plans.

Read more in @businesslive: https://t.co/rGyPMnpNwE https://t.co/iLiWaY1oWK
MidsEngInv photo

Join our mailing list for the latest #MEIF deals, fund news and information on securing external finance. Register on our homepage: https://t.co/bhaSJ3nvsT https://t.co/UahmwovLew MidsEngInv photo

Growth Hubs are centres for business advice and can help connect firms with funding options, support and expertise. There are 10 based across the Midlands, find your nearest here: https://t.co/7EzhAH9eqN https://t.co/qYJL4blRkG MidsEngInv photo

Worcestershire-based @RapidRetail has secured £98k from @B_C_R_S through the #MEIF in conjunction with #CBILS.

The finance boost will help the firm, which supplies modular retail units, to fulfil orders and protect jobs.

Read more in @insiderwestmids: https://t.co/9ANR7Ho2Kn https://t.co/DdPkIEmVqg
MidsEngInv photo

#MEIF finance can be used to support buying machinery, hiring staff or expanding into new markets. A recent Early Assessment Report found that the Fund’s investment was enabling more businesses to export abroad.

Read the full report here: https://t.co/husSGZCYQu https://t.co/m3PNR6Jf0K
MidsEngInv photo

Find Out More

If you would like to meet with one of our appointed Fund Managers to talk in more detail please go to Funds Available to find the Fund Managers operating in your area

Small Business Loans

£25k – £150k

Learn More
debt finance

Debt Finance

£100k – £1.5m

Learn More
equity finance

Equity Finance

£50k – £2m

Learn More

Proof of Concept

Up to £750,000

Learn More

Follow @midsenginv


#MEIF and @Maven_Midlands recently provided Birmingham’s oldest continuously operating company with a £1m funding boost. Toye Kenning & Spencer was established in 1685 and is using this investment to progress its growth plans.

Read more in @businesslive: https://t.co/rGyPMnpNwE https://t.co/iLiWaY1oWK
MidsEngInv photo

Join our mailing list for the latest #MEIF deals, fund news and information on securing external finance. Register on our homepage: https://t.co/bhaSJ3nvsT https://t.co/UahmwovLew MidsEngInv photo

Growth Hubs are centres for business advice and can help connect firms with funding options, support and expertise. There are 10 based across the Midlands, find your nearest here: https://t.co/7EzhAH9eqN https://t.co/qYJL4blRkG MidsEngInv photo

Worcestershire-based @RapidRetail has secured £98k from @B_C_R_S through the #MEIF in conjunction with #CBILS.

The finance boost will help the firm, which supplies modular retail units, to fulfil orders and protect jobs.

Read more in @insiderwestmids: https://t.co/9ANR7Ho2Kn https://t.co/DdPkIEmVqg
MidsEngInv photo

#MEIF finance can be used to support buying machinery, hiring staff or expanding into new markets. A recent Early Assessment Report found that the Fund’s investment was enabling more businesses to export abroad.

Read the full report here: https://t.co/husSGZCYQu https://t.co/m3PNR6Jf0K
MidsEngInv photo

For the latest news and views join our mailing list

Join our mailing list

Just add your details below to receive the latest Northern Powerhouse Investment Fund news and information