• Target

    Open

  • Type

    Equity

  • Close Date

    Open

  • Status

    Open

RISK WARNING: Your capital is at risk. The risks include: the lack of liquidity in this market in terms of being able to realise investments and the loss of the value of investment. When you invest any loss in value will not be covered by the Financial Services Compensation Scheme. Please read FULL risk warning.

Jobhawk

UK’s first-ever labour marketplace for commercial construction companies, using machine learning to match jobs with available self-employed tradesmen.

Jobhawk logo dark square

Investment closes only once the total pledged amount passes the minimum of £400,000

Total Pledged: £728,573
Max

£800,000

A pledge is not a commitment. You will be asked to confirm in the next section.

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Overview

Jobhawk provides a powerful recommendation engine and innovative mobile app to quickly match qualified workers with construction jobs.  

Jobhawk was conceived by Pete Mills and Mat Glendenning, who were Initially seeking a solution for their own subcontracting company, Pantera, which has 150 to 200 carpenters on its projects at any time, of which 90% are self employed. 

The problems were:
·       Margins are thin.
·       Start dates change (critical path).
·       Can’t afford to keep self-employed tradesmen if start of project is delayed.
·       MUST finish project in agreed time or severe penalties.
·       Often need more carpenters urgently to meet deadlines.
·       Project Managers spend 50% of their time recruiting labour.

In September 2015 they sought  advice from Steve Langkamp and Owen Day on "how would we build this?"  By March 2016, Steve and Owen decided to pursue Jobhawk as co-founders. They had previously led several UK software companies that were market leaders, including two which achieved exits more than $80 million. 

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Deal Manager avatar

Deal Manager
Scott Haughton

  • Sector: Technology / IT / Software
  • Region: Isle of Man
  • Stage: Early stage - early revenues, pre-profit
  • Eligible Tax: EIS
  • Board Requirement: Will consider further board appointments
  • Pre Money Valuation: £1,800,000
  • Originator: Envestors
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