Elements Talent Solutions, a significant player in the global recruitment market, has received a substantial £3.45m investment from the Business Growth Fund (BGF).
This capital injection is intended to propel the company’s growth across Europe, the United States, and the Asia-Pacific region. In recent years, the hiring market has experienced numerous technological advancements. However, Elements Talent Solutions has introduced a pioneering model focused on people, aiming to transform the foundational ‘transaction’ mechanics of the industry.
The distinctive embedded model of Elements Talent Solutions involves consultants working on-site, collaborating closely with clients throughout every stage of the hiring process. This approach has attracted high-profile clients such as leading global brands, supported by a growing, globally recognised name and loyal client base. The company has expanded its team from three to ninety members and increased its revenues tenfold over the last three years.
Previously driven largely by partnerships with high-growth technology companies, Elements Talent Solutions now collaborates with organisations of all sizes and across various sectors. The company is also increasingly exploring opportunities in the United States and Asia-Pacific regions, with the new investment funding additional offices in these areas and plans to double the headcount over the next twelve months.
Daniel Goldstein, CEO of Elements Talent Solutions, commented on the company’s ambitious goals: “We’re very aware of the ambitious nature of what we’re trying to achieve here. For as long as I can remember, the recruitment industry has been characterised by poor professional standards and a consequent lack of trust and respect from clients. Our embedded model seeks to subvert that dynamic completely. By investing heavily in the training of our people, we create talent acquisition professionals who are experts in their domain. The result is genuine partnerships with our clients, where the ‘us’ and ‘them’ divisions of traditional recruitment are replaced by a united team laser-focused on delivering the best possible result for the hiring company.”
The CEO further elaborated on the vision: “Our ultimate vision is to change the perception of this industry, so that Talent Acquisition experts are viewed in the same way as lawyers, accountants or consultants from the Big Four. BGF was the stand-out option when we decided to look for investment for a number of reasons – not least their own clear preference for working in a spirit of true partnership. We can’t wait to collaborate with them to bring the embedded model to new sectors and geographies in the coming months and years.”
Rahul Satsangi of BGF acknowledged the disruptive impact Elements Talent Solutions has made: “Fuelled by an ambitious management team, Elements has disrupted the traditional talent acquisition model and successfully supported its clients in recruiting at scale. Access to the best-in-class talent can be a significant barrier to growth for ambitious companies all over the world. The demand for Elements’ offering is only going to increase, and we are pleased to partner with Dan and his team as they expand their global reach and broaden their sector focus.”
The investment process was managed by Rahul Satsangi, Michael Bacon, and Chris Jones. Advisors involved included Malcolm McDougall, Terry Heatley, Chris Smith, Anthony Gahan, and Karma Samdup.
The substantial investment from the Business Growth Fund is set to catalyse Elements Talent Solutions’ expansion efforts, bringing their innovative embedded recruitment model to new regions and sectors.