Ontario Teachers Pension Plan (TIP) goes on a shopping spree
June 17, 2021
Beamery’s Talent Operating System (TOS) is the backbone of the modern enterprise. It allows talent functions to drive strategic transformation, reach diversity recruiting targets, identify and engage potential high performers, optimize the end to end talent experience, and identify the skills and capabilities they need to build their workforce of the future.
Beamery helped to fill one million roles in 12 months for clients including AstraZeneca, Autodesk, Nasdaq and Workday, as the company reports record growth.
London, UK – Beamery, the leading talent operating system that helps companies attract, engage and retain top talent, has announced US$138m in Series C funding led by the Ontario Teachers’ Pension Plan Board (Ontario Teachers’), through its Teachers’ Innovation Platform (TIP). TIP focuses on late-stage venture and growth equity investments in companies that use technology to disrupt incumbents and create new sectors. Accenture Ventures also participated alongside existing investors EQT Ventures, Index Ventures, M12 and Workday Ventures. The round follows a record year for the company, which finished with 337% annual revenue growth in Q4, and surpassed one million roles filled on its platform during 2020.
Organisations around the world are now hiring at pace in an increasingly competitive talent market. In Q1, Beamery saw a 462% increase in jobs posted across its customer base, compared with the same period in 2020, while the number of candidates pipelined only rose by 46%, indicating that demand is already significantly outstripping supply.
Faced with skills shortages and increasing competition, global enterprises are looking to solutions like Beamery that provide a single platform to manage the entire talent lifecycle. Leveraging an industry first AI-powered Talent Graph, Beamery’s Talent Operating System aggregates and enriches enterprises’ existing talent data with billions of relevant data points to help organizations quickly identify and prioritize potential candidates that are likely to thrive at their organization; measure and reach diversity targets; provide better learning opportunities and career pathways for existing employees; and understand the skills and capabilities they need to build their workforce of the future.
During the past 12 months Beamery has added to its roster of enterprise clients with global brands like Autodesk, Nasdaq and Workday amongst others. The company’s leading technology has enabled customers to hire at an unprecedented pace, and supported organisations leading the charge on vaccine development - including AstraZeneca - to transform their international workforce to meet rapidly changing global requirements.
This new investment will fuel extensive product development, accelerate commercial growth in existing and new geographies, double its rapidly growing employee base, and solidify Beamery’s leadership position in the talent space.
Abakar Saidov, Co-Founder and CEO at Beamery added: “Changes to the way we work, shifting expectations of candidates, and the sheer pace of recruiting demands, have led organizations to rethink how they approach recruitment and retention. Enterprise talent teams are driving significant global transformation as they build towards this new future of work, and this investment will enable us to scale globally with growing demand and build the new category in enterprise technology.”
Olivia Steedman, Senior Managing Director, Teachers’ Innovation Platform (TIP) said: “Beamery’s best-in-class approach is already transforming how leading global companies recruit and retain talent. As companies accelerate their focus on developing their people and building more agile workforces, Beamery’s cutting-edge solutions and clear vision for transforming talent can provide a competitive edge. We’re excited to partner with them on this journey.”
Christie Smith, Global lead for Talent & Organization / Human Potential at Accenture said: "As a result of our successful working relationship with Beamery, as well as the company’s continued growth, we are excited to evolve our relationship further. Beamery is an innovator in this market and we believe they can help our clients transform talent recruitment, hiring and retention.”
About Beamery
Beamery’s mission is to put talent transformation at the heart of every business. Leveraging an industry first AI-powered Talent Graph, Beamery’s Talent Operating System aggregates and enriches billions of relevant data points and signals from across the web and an enterprises’ existing technology, to help organizations quickly identify and prioritize potential candidates that are likely to thrive at their organization, reach diversity targets, provide better learning opportunities and career pathways for existing employees, and understand the skills and capabilities they need to build their workforce of the future. Beamery is one of the fastest growing companies in the world, with a dedicated team that is not only superb at their jobs, but who are also a reliable and friendly bunch who leave egos out of the equation.
For more information, visit beamery.com
And in another announcement just 24 hours earlier, TIP also announced this investment decision….
Motif FoodWorks Announces $226 Million Series B Funding Round
Led by Ontario Teachers’ Pension Plan Board and funds and accounts managed by BlackRock, Motif completes largest food-technology Series B raise to bring transformative plant-based food technologies to market
BOSTON -- Motif FoodWorks, the food technology company on a mission to make plant-based food better tasting and more nutritious, today announced it has raised $226 million in Series B funding.
The round was jointly led by Ontario Teachers’ Pension Plan Board, through its Teachers’ Innovation Platform (TIP), and funds and accounts managed by BlackRock. TIP focuses on late-stage venture and growth equity investments in companies developing innovative technologies. AiiM Partners, Wittington Ventures, Rethink Food, Rage Capital and Rellevant Partners also participated alongside existing investors, including Breakthrough Energy Ventures, CPT Capital, General Atlantic, Louis Dreyfus Company, and Viking Global Investors.
This second-round of funding will help Motif accelerate its advancement of the plant-based category. The company plans to increase research and development capabilities; scale and commercialize its food technologies; and expand its people and facilities footprint. Continued growth in these areas is crucial to Motif’s work to solve key sensory and nutritional challenges with existing plant-based foods, including meat and dairy alternatives.
“Making plant-based foods taste great will increase the global appetite for this sector – and shape a better future for our planet in the process,” said Olivia Steedman, senior managing director, TIP. “As people increasingly look to meat and dairy alternatives, Motif offers breakthrough solutions powered by leading technology, deep scientific expertise and a visionary management team.”
Motif’s new food science and design approach—along with food-technologies developed through precision fermentation and material science breakthroughs—comes as consumers are increasingly seeking alternatives to animal-based protein. The plant-based food market grew 27 percent to $7B in 2020, nearly double the growth rate of overall U.S. retail food sales during the same period. But even with that growth, existing plant-based alternatives have critical experience gaps, especially in taste and texture. In fact, two out of three Americans (67 percent) say they would be willing to eat more plant-based foods instead of meat if plant-based foods tasted better than they do today.
“Plant-based foods have the potential to unlock enormous benefits for people and the planet, but that will only happen if they live up to, or even exceed, what consumers expect from animal-based counterparts,” said Jonathan McIntyre, CEO of Motif FoodWorks. “With support from our investors, we’re advancing the understanding of food science and design to make plant-based foods better tasting, more nutritious and so desirable that people actually crave them.”
Originally spun out of Ginkgo Bioworks in 2019, Motif has raised a total of $345 million to date. The company recently opened a new state-of-the-art 10,600 sq. ft. office and lab space in Boston’s Seaport neighborhood. Additionally, it has secured licensing partnerships with the University of Guelph and Coasun Inc. for technologies that create melting and stretching characteristics in plant-based cheeses, and healthier fat alternatives that marbleize plant-based meats.
About Motif FoodWorks
Motif FoodWorks is a food technology company working to make plant-based foods better tasting, more nutritious and so desirable that people actually crave them. The company's mission is to unleash the promise of plant-based foods by taking a new, holistic approach to food technology and ingredient development that combines science and technology — merged with sensory fundamentals — to reveal totally new answers. By changing our understanding of plant-based food, Motif will enable crave-worthy products that exceed taste and experience expectations, unlocking benefits for people and our planet. For more information, visit www.madewithmotif.com.
