Nesta invests £500,000 in GetMyFirstJob
Nesta Impact Investments has injected £500,000 into GetMyFirstJob, the UK-based operator of an apprenticeship website.
Nesta's investment will be used to streamline the GetMyFirstJob website and system.
Launched in October 2012, Nesta's £25m Nesta Impact Investments fund is backed by Big Society Capital – which contributed £8m – and Omidyar Network. Its goal is to back organisations tackling issues such as elderly care and education, balancing social impact and potential returns for investors.
Company
Founded in 2011, GetMyFirstJob operates a website that is designed to connect young people looking for work in the UK with potential employers and training providers who are looking for apprentices.
People
David Allison is the CEO of GetMyFirstJob. Isabel Newman is an impact investment analyst at Nesta.
More on Expansion
Blackstone takes minority stake in Groupe Premium
Deal values French wealth manager at EUR 1.15bn after earlier full exit attempt saw Eurazeo target EUR 1.5bn
e-Attestations aims to triple size with new Keensight backing
Keensight is investing in the risk management platform via its EUR 1bn fifth fund, which closed in 2019
The Bolt-Ons Digest - 3 July 2023
Unquote’s selection of the latest add-ons with Palatine's Anthesis, Nordic Capital's Regnology, Waterland's Janssen and more
GP Profile: Limerston Capital anticipates higher volume but more complex M&A as market steadies
UK-based GP is seeing dealflow driven by carve-outs and buy-and-build in a market where organic multiple arbitrage is no longer a given
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater