Orka Technology Group, an online recruitment platform for hourly workers, has announced a £3 million investment from venture capital investor Praetura Ventures.
The latest cash injection into the Manchester-based tech startup follows an earlier investment of £1.5 million in January 2020 by private equity and investment firm Maven Capital and existing angel investors, following major contract wins. A further £29 million of debt financing and equity funding from a range of new and existing investors was raised in February this year.
Commercial law firm Hill Dickinson advised incumbent investor Maven on the new deal, led by legal director Sean Lightfoot.
Worker tech business Orka Technology Group is a SaaS business that provides tech-based solutions for shift workers and their employers. Its online and mobile platform allows jobseekers and employers in the sector to find each other and seamlessly communicate about temporary work opportunities, providing a fully compliant vetting procedure that is quicker and easier for both parties.
In an average month Orka already helps 6000 people to source work across more than 2000 sites nationwide. The company currently works with more than half of the UK’s top 30 security companies, including G4S, ISS and Wilson James.
Orka has been blazing a trail for the past four years, using technology to transform the way in which hourly paid workers are sourced, onboarded and paid. As an early investor, we advised our client, Maven, when they first invested in Orka, and have continued to advise them as other investors have recognised the company’s huge potential and come on board. We wish all parties every success in this next stage of Orka’s growth.Sean Lightfoot
Legal Director, Hill Dickinson
Orka plans to use the funding to accelerate product development, grow its API integration programme and target growth in new markets, including in the mechanical and electrical sectors.