About Arctic Shores
Arctic Shores is a company based in London (United Kingdom) founded in 2013 by Andrew Needham.. Arctic Shores has raised $18.81 million across 7 funding rounds from investors including Calculus Capital, Praetura Ventures and Beringea. Arctic Shores offers products and services including Task-based Assessment, Assessment Builder, and Interview Guides. Arctic Shores operates in a competitive market with competitors including Predictive Index, OutMatch, Criteria Corp, Plum.io and Imbellus, among others.
- Headquarter London, United Kingdom
- Founders Andrew Needham
- Stage Minicorn
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Arctic Shores Limited
- Date of Incorporation 28 Jun, 2013
- Jurisdiction MANCHESTER, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.81 M (USD)
in 7 rounds
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Latest Funding Round
$7.02 M (USD), Series B
Jan 16, 2023
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Investors
Calculus Capital
& 4 more
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Employee Count
Employee Count
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Products & Services of Arctic Shores
Arctic Shores offers a comprehensive portfolio of products and services, including Task-based Assessment, Assessment Builder, and Interview Guides. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Interactive tasks to measure candidate potential and reduce hiring bias.
Drag-and-drop interface for creating customized recruitment assessments.
Tailored guides for role-specific, bias-free candidate interviews.
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Funding Insights of Arctic Shores
Arctic Shores has successfully raised a total of $18.81M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $7.02 million completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $7.0M
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First Round
First Round
(26 Mar 2014)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series B - Arctic Shores | Valuation | Praetura Ventures , Calculus Capital | |
| Jul, 2020 | Amount | Series A - Arctic Shores | Valuation | Future Fund |
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| Aug, 2019 | Amount | Series A - Arctic Shores | Valuation | Beringea , Candy Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Arctic Shores
Arctic Shores has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Calculus Capital, Praetura Ventures and Beringea. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital funding is provided by Praetura Ventures.
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Founded Year | Domain | Location | |
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UK venture capital investments are managed by Calculus Capital.
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Founded Year | Domain | Location | |
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Investments are made in growth-stage startups by Beringea.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Arctic Shores
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Arctic Shores
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Arctic Shores Comparisons
Competitors of Arctic Shores
Arctic Shores operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Predictive Index, OutMatch, Criteria Corp, Plum.io and Imbellus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Talent optimization and workforce assessment platform
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| domain | founded_year | HQ Location |
Predictive talent analytics are delivered through a cloud-based platform.
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| domain | founded_year | HQ Location |
Psychometric assessments are provided for pre-employment screening by recruiters.
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| domain | founded_year | HQ Location |
Cloud-based AI assessments for talent hiring and retention are provided.
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| domain | founded_year | HQ Location |
Assessment solutions are provided to evaluate creativity and problem-solving skills.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Arctic Shores
Frequently Asked Questions about Arctic Shores
When was Arctic Shores founded?
Arctic Shores was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Arctic Shores located?
Arctic Shores is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Arctic Shores a funded company?
Arctic Shores is a funded company, having raised a total of $18.81M across 7 funding rounds to date. The company's 1st funding round was a Series A of $5.5M, raised on Mar 26, 2014.
What does Arctic Shores do?
Arctic Shores was founded in 2013 in London, United Kingdom, as an AI and gamification-based platform in the human resources technology sector. Employers are enabled to register, invite candidates or employees for assessments, and receive data-driven insights from behavioral analysis conducted via algorithms. Instant feedback is generated, with operations structured around a subscription-based pricing model to support recruitment and talent evaluation processes.
Who are the top competitors of Arctic Shores?
Arctic Shores's top competitors include Criteria Corp, OutMatch and Predictive Index.
What products or services does Arctic Shores offer?
Arctic Shores offers Task-based Assessment, Assessment Builder, and Interview Guides.
Who are Arctic Shores's investors?
Arctic Shores has 5 investors. Key investors include Calculus Capital, Praetura Ventures, Beringea, Future Fund, and Candy Ventures.
What is Arctic Shores's valuation?
The valuation of Arctic Shores is $24.9M as of Aug 2019.