Title: Breathe Secures £16 Million Investment to Fuel Rapid Expansion and Innovation

Content:

Breathe Raises £16 Million to Accelerate Growth and Expansion

In a significant boost to its growth trajectory, Breathe, the renowned HR software provider, has successfully secured a £16 million investment. This funding round, led by prominent investors, marks a pivotal moment for the company as it aims to supercharge its expansion efforts and further innovate its HR solutions. The announcement has sent ripples through the tech and business communities, highlighting Breathe's robust growth and the increasing demand for efficient HR management tools.

The Investment Details

The £16 million investment was spearheaded by BGF, a leading growth capital investor, with additional contributions from existing investors. This financial injection is set to propel Breathe's ambitious plans for expansion, both in the UK and internationally. The funds will be utilized to enhance product development, expand the team, and strengthen marketing efforts to reach a broader audience.

Key Highlights of the Investment:

• Lead Investor: BGF
• Total Amount: £16 million
• Purpose: Product development, team expansion, and marketing

Breathe's Journey and Market Position

Founded in 2012, Breathe has quickly established itself as a leader in the HR software market. The company's flagship product, Breathe HR, offers a comprehensive suite of tools designed to streamline HR processes, from employee onboarding to performance management. With a user-friendly interface and robust features, Breathe HR has garnered a loyal customer base, including small to medium-sized enterprises (SMEs) across various industries.

Market Impact and Growth Statistics:

• Customer Base: Over 10,000 businesses
• Annual Growth Rate: 50%
• Market Share: Significant presence in the UK SME sector

Strategic Plans for the Future

With the new investment, Breathe is poised to accelerate its growth strategy. The company plans to leverage the funds to enhance its product offerings, ensuring they remain at the forefront of HR technology. Key areas of focus include:

• Product Innovation: Developing new features and improving existing ones to meet the evolving needs of businesses.
• Team Expansion: Hiring top talent in technology, sales, and customer support to drive growth and enhance service quality.
• Market Expansion: Targeting new markets, particularly in Europe and North America, to increase its global footprint.

CEO's Vision for the Future

Jonathan Richards, CEO of Breathe, expressed his excitement about the investment and the company's future. "This investment is a testament to the hard work and dedication of our team. It will enable us to accelerate our growth and continue providing innovative HR solutions that empower businesses to thrive," Richards stated. He emphasized that the focus will be on enhancing the user experience and expanding the company's reach to help more businesses manage their HR needs effectively.

The Importance of HR Software in Today's Business Environment

The demand for efficient HR software has surged in recent years, driven by the need for businesses to manage their workforce more effectively. HR software solutions like Breathe HR offer numerous benefits, including:

• Automation of HR Processes: Streamlining tasks such as payroll, time tracking, and performance reviews.
• Data-Driven Insights: Providing valuable data to inform decision-making and improve employee management.
• Compliance and Security: Ensuring businesses adhere to legal requirements and protect sensitive employee information.

Trends in HR Software

The HR software market is witnessing several key trends that are shaping its future:

• AI and Machine Learning: Integration of AI to enhance predictive analytics and automate routine tasks.
• Mobile Accessibility: Increasing demand for mobile-friendly HR solutions to support remote and flexible working.
• Employee Engagement Tools: Features that promote employee engagement and well-being, such as feedback systems and wellness programs.

The Role of Investors in Breathe's Success

BGF's decision to lead the £16 million investment round underscores the confidence in Breathe's potential. BGF, known for its strategic investments in high-growth companies, brings not only financial support but also valuable expertise and networks. This partnership is expected to play a crucial role in Breathe's expansion and success.

BGF's Investment Strategy

BGF focuses on investing in businesses with strong growth potential and a clear vision for the future. Their investment in Breathe aligns with their strategy of supporting innovative companies that are poised to make a significant impact in their respective markets.

Customer Testimonials and Success Stories

Breathe's success is also reflected in the positive feedback from its customers. Many businesses have reported significant improvements in their HR processes after implementing Breathe HR. Here are a few testimonials:

• Sarah Johnson, HR Manager at TechWave: "Breathe HR has transformed our HR operations. The platform is intuitive, and the support team is always ready to help. It's been a game-changer for us."
• Michael Lee, CEO of GreenTech Solutions: "Since adopting Breathe HR, we've seen a noticeable increase in efficiency and employee satisfaction. It's an essential tool for any growing business."

Looking Ahead: Breathe's Roadmap

As Breathe moves forward with its expansion plans, the company remains committed to its core values of innovation, customer satisfaction, and excellence. The £16 million investment will serve as a catalyst for growth, enabling Breathe to continue delivering cutting-edge HR solutions that meet the needs of modern businesses.

Future Milestones:

• Product Launches: Introducing new features and modules to enhance the Breathe HR platform.
• International Expansion: Establishing a presence in key markets to serve a global customer base.
• Partnerships and Collaborations: Forming strategic alliances to further enhance product offerings and reach.

Conclusion

Breathe's successful £16 million investment round is a significant milestone in the company's journey. With a clear focus on growth, innovation, and customer satisfaction, Breathe is well-positioned to continue its upward trajectory and make a lasting impact on the HR software market. As businesses increasingly recognize the importance of efficient HR management, Breathe's solutions are set to play a crucial role in helping them achieve their goals.

By leveraging the new investment, Breathe aims to not only expand its reach but also continue pushing the boundaries of what HR software can achieve. The future looks bright for Breathe, and the business community eagerly anticipates the next chapter in its growth story.