Bright Network, the social recruitment site, has secured £300k in investment from a consortium of angels.
They include the VC and former chairman of Sage, Michael Jackson, and Zach Miles, a former CEO of Vedior, the recruitment company that was acquired for €3.5 billion by Randstad. Both Jackson and Miles will join Bright Network’s board, while Jackson will also become Chairman. The new funding will be used to further develop the social network, marketing and to “attract additional high-quality staff”.
Citing Alexa, Bright Network claims to be the highest-ranked social recruitment site in the UK. Designed to enable students, graduates and young professionals to connect with employers, it offers members an invitation-only network, exclusive events and one-on-one consultancy.
Bright Network currently works with over 50 leading companies including Allen & Overy, Goldman Sachs, innocent drinks, The Mind Gym and KPMG. Furthermore, the company says that 98% of Bright Network members graduate from Times Top 20 or Russell Group universities, 28% of them from Oxbridge, and the average member has 3As at A-level.