Sova Raises £3.0M for Assessments
Sova Assessment Limited, a HR Tech digital talent assessment software platform announced that it has raised £3.0 million of growth capital from Octopus Investments, part of Octopus Group.
Alan Bourne, CEO of Sova Assessment Limited, said: “From the outset, we built a single, unified platform to provide fairer, more efficient and engaging assessment solutions, that put an end to the fragmented and outdated approach offered by the traditional assessment market. Our solution provides a seamless user experience and end-to-end talent analytics, overcoming the barriers often seen in other products that have been built by acquisition of multiple platforms rather than design. This investment marks an important and exciting milestone in our journey, which allows us to accelerate the development of our platform applying ethical and transparent machine learning to optimise fairness and streamline pre and post hire assessment. We look forward to working with Octopus in this next chapter, which will see us able to offer superior services, with even stronger outcomes for our clients, which is great news for industry and candidates alike.”
Sova will use the investment to further penetrate its core territories through an increase in sales, marketing and customer support as well as targeting growth in new geographies. Sova will also continue to invest in its market leading assessment platform, utilising automation and machine learning to further streamline recruitment whilst always enabling an accurate, unbiased and fair assessment of talent.
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