Arctic Shores Limited

Arctic Shores Limited develops innovative psychometric assessments that enhance recruitment processes. Their solutions allow candidates to demonstrate their abilities through engaging tasks, providing organizations with a more accurate evaluation of potential. Arctic Shores Limited, founded in 2013, is headquartered in Manchester, UK. The company specializes in task-based psychometric assessments that improve candidate evaluation.

In January 2023, they raised GBP 5. 75 million in SERIES B funding, co-led by Praetura Ventures and Calculus Capital, with participation from Beringea Private Equity. The company has completed a total of 3 deals since its inception. Safe Hammad is the founder, and Robert Newry serves as the CEO.

Arctic Shores offers task-based psychometric assessments designed to enhance recruitment processes by providing a more accurate evaluation of candidates’ potential. Their products utilize interactive tasks rather than conventional questions, enabling candidates to showcase their abilities in real-time. This assessment approach is grounded in neuroscience and psychology, offering a comprehensive view of candidates’ personalities and workplace intelligence. Their services are particularly beneficial for organizations aiming to adopt skills-based hiring practices, with a client base that spans the UK, Europe, and North America.

The company generates revenue through a subscription-based model for its assessment services, allowing seamless integration of assessments into recruitment processes. Organizations pay for access to an assessment platform that features an intuitive Assessment Builder and pre-built interview guides. Additionally, Arctic Shores provides consultancy support from business psychologists, enhancing the recruitment experience. Their pricing structure accommodates diverse client needs, ensuring flexibility for varying enterprise sizes.

Following their most recent funding round in January 2023, Arctic Shores plans to accelerate the development of their soft-skills assessment and expand their market presence, particularly in Europe. The GBP 5. 75 million raised will be instrumental in these initiatives, helping the company to introduce upcoming products designed to further enhance their assessment offerings.