News

length:

3

 min read

published:

Original – 

Apr 19, 2021

Update – 

May 9, 2022

words by:

Steve Cater

topics

Growth, Investment, and Chairman announcement

topics

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  • Raise (formerly 1PS) announces 225% year on year revenue growth and the quarter-on-quarter growth of over 35%
  • Successful raise of £4.44 million investment
  • Ben White, MessageLabs founder and one of the UK's most successful tech entrepreneurs appointed Chairman on the 1PS board

Raise, a recruitment funding and infrastructure provider with offices based in London and Kent has secured a significant 4.44-million-pound investment from investors and the British Business Bank.

Along with the investment, 1PS has appointed Ben White, one of the UK’s most successful tech entrepreneurs and MessageLabs founder as Chairman and Non-Executive Director, to bring greater experience and expertise to the Raise board.

Raise will use the investment to expand its fintech platform and service offering. Being able to supply their agencies with seamless integration with other industry platforms, not to mention enhancing analytic reporting.

Tim Bailey, CEO of Raise says: “This is a pivotal moment for Raise, in a short period of time we have established a solid base of customers and have gained a reputation for providing a high-quality service. With the expertise and backing from our new investor and Chairman we can continue to grow at a rapid pace to become a leading provider of the technology and services and funding required by the recruitment industry. I am thrilled to have the opportunity to work more closely with Ben, one of the UK's most successful tech entrepreneurs.”

“We are now ready to invest the money and time into developing the tech solutions required to provide the industry with the infrastructure and solutions they require. And look forward to collaborating closely with our clients and other service providers to make this a reality.”

Ben White, now Chairman for Raise – is one of the UK's most successful technology entrepreneurs and has previously founded a number of successful businesses including MessageLabs. He is also the current investor/ Chairman/ Director of Loop Email, Upp Technologies Ltd, and now Raise.

White says: “I’m excited to have invested in such a promising business and such a talented team. In a short period of time Raise has established itself as a serious challenger in the recruitment funding and technology sector. I believe the market is ready for disruption and with the backing and team we have, Raise is ideally placed to do this. I’m looking forward to working closely with the management team to help them deliver on their vision.

End.

Steve Cater
 , 
VP Growth

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