Orka Technology Group, a Manchester, UK-based SaaS business that provides tech-based solutions for shift workers and their employers, raised £3m in funding.
The investment was made by Praetura Ventures.
The company intends to use the funds to accelerate product development, grow its API integration program and target growth in new markets, including in the mechanical and electrical sectors.
Led by CEO Tom Pickersgill, Orka provides a platform that enables workers to find temporary employment with large organisations; a flexible payment product that allows workers to access 50 per cent of their wages as soon as they’ve earned them; and a soon-to-be-launched passport system that will eliminate the need for background assessments every time someone sources work through the system.
More than 60,000 people already use Orka’s products and, over the last four years, it has become the go-to tech solution for shift workers. It currently works with over half of the UK’s top 30 security companies, including leading names such as G4S, ISS and Wilson James.
In a recent development, Orka Technology Group raised £29m funding. This round was a mixture of debt financing from Sonovate and equity funding involving the British Business Bank Future Fund and existing investors, including former UK CEO of Adecco Peter Searle. With this, the overall funding raised by the company totals £31.5m.
FinSMEs
31/03/2022