HR Data Hub Limited

Based in the UK, HR Data Hub Limited is a provider of advanced salary benchmarking tools, offering real-time insights to assist businesses in making informed compensation decisions across multiple industries. Founded in 2018, HR Data Hub Limited specializes in salary benchmarking solutions for businesses. The company has not undergone any significant pivots or changes in its operational strategy since inception. Its headquarters are located in the UK.

The founders, Alexa Grellet and David Whitfield, have a history of entrepreneurship, with David Whitfield currently serving as the CEO. HR Data Hub Limited has completed 2 deals, with its most recent funding round on 10 March 2023, raising GBP 1. 41 million. This latest round involved investments from ACF Investors and Mercia Asset Management, bringing the total amount raised to GBP 1.

41 million, valuing the company at GBP 6. 042 million. HR Data Hub specializes in providing a comprehensive salary benchmarking tool designed to deliver real-time salary insights for businesses across various industries in the UK. The core product aggregates live pay data from over 30 million job postings, allowing users to benchmark salaries based on job title, location, and industry.

The platform's functionality enables human resources and compensation professionals to make informed decisions regarding salary recommendations, ensuring pay competitiveness without the need for the client to submit their own salary data. End users include HR departments, reward leaders, and talent acquisition teams who seek to optimize compensation packages and retain top talent. HR Data Hub effectively serves businesses of all sizes, from small to large enterprises, providing insights relevant to specific geographical markets across the UK. HR Data Hub's revenue for the most recent year, 2022, was GBP 571,236.

6, and the company reported an EBITDA loss of GBP 980,183. 6 for the same year. The revenue model is structured around subscription services, allowing clients to access the salary benchmarking tool for a fee, with various subscription plans tailored to client needs, ensuring access to live salary insights and analytical tools to support pay strategies. In March 2023, HR Data Hub Limited raised GBP 1.

41 million in venture funding, led by Mercia Asset Management, with support from ACF Investors and other unspecified participants. The company plans to utilize this funding for business growth and expansion, alongside hiring additional staff. Specific upcoming products are currently in the design phase with no release dates disclosed. HR Data Hub aims to explore new market opportunities, targeting expansion across different regions in the UK to broaden its client base and enhance service delivery.