April 20, 2023

Firefish Announces £4M Strategic Investment

Firefish Software Secures Growth Investment

We’re absolutely thrilled to announce that we have successfully secured a £4m strategic investment, led by the Foresight Group.

To say we are beyond excited about what this means for the future of Firefish is an understatement. Over the last 13 years, we’ve achieved amazing organic growth, supported by our brilliant customers.

We’re now ready to propel Firefish towards its next growth milestone and our investment partnership with the Foresight Group will provide us with the capital to invest in both product and people, expanding our commercial capabilities and reach, whilst continuing to support recruitment agencies on their own growth journeys.

Firefish Board 2023

Firefish CEO and co-founder, Wendy McDougall, commented, Firefish has seen significant growth since Andrew and I founded the business, and we are proud to support a growing number of recruitment firms. We are excited to partner with an experienced growth investor in Foresight to help us realise our full ambitions for the business.

Graeme McKinstry, Investment Director at Foresight, shared his excitement, “Wendy and Andrew have built an impressive product and customer base. We are delighted to be partnering with a growing software business which we expect will deliver significant job creation in Scotland.”

We are proud to be part of Foresight's impressive portfolio of SMEs and look forward to our continued growth and success in the recruitment sector with their support.

We’ll have another update shortly but for now, a big thanks to all our amazing customers, staff, and supporters for helping us on this journey, here’s to even bigger and better things ahead.

About Firefish

Firefish is recruitment software that enables recruitment agencies to streamline recruitment processes and bring their existing database to life.

Founded in 2010, Firefish enables recruitment agencies of all sizes to bring their recruitment activities together under one roof. From candidate attraction and placements, to compliance and reporting, Firefish is a complete end-to-end recruitment agency solution that is powering the growth of recruitment agencies in over 25 countries.

About Foresight

Foresight continues to be one of the most active investors in high-growth companies, having completed more than 90 investments into SMEs in 2022, alongside several strong exits. In the same year, Foresight’s Private Equity team announced three new funds, a ventures fund acquisition, and expanded its regional office network, opening offices in Dublin and Leeds. So far in 2023, Foresight has invested in nearly 40 SMEs and announced four exits, which on average have delivered 5.7x money.


Advisers to Firefish:

Corporate Finance: Deloitte

Legal Advice: Addleshaw Goddard


Advisers to Foresight :

Financial DD : Consilium

Legal Advice: Shoosmiths

Management DD: Catalysis

Technical DD: Cloud Origin

Insurance DD: Vista

Cyber DD: ECSC

Commercial DD: Whitecap