LavasourceHR

LavasourceHR

Nature of Funding :
Debt
Use of Funding :
Product development
Sector :
HR Consulting Services
Amount :
£150k
Date of Investment :
June 2023
Location :
Warrington
Fund :
Business Growth Loan Fund
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Summary

Since its establishment in 2020, HR consultancy and technology provider, Lavasource has continued to grow from strength to strength and the business now finds itself in a substantial growth position.

Now beyond pre-revenue and with significant multi-year contracts with several FTSE 100 and global clients across multiple sectors, offering services such as System and Vendor Selection, HR and Payroll technology deployment and Change Management, Mark and his team (located across UK, US, India, Philippines and Mauritius) are now looking to scale the organization and grow their global talent marketplace offering.

In 2023, River Capital provided Lavasource with financial support to help the business launch their global talent marketplace and hire key team members vital for the growth of their consultancy practice.

Testimonial

I would like to thank Jim Moore and the whole team from River Capital, for their vital support with our growth agenda. They helped us through the process and made it as straightforward as possible and provided the vital lifeline we needed at that stage in our journey. Perhaps most importantly, they believed in us and that external recognition and objective lens, provided the extra boost all founders need to help them get to the starting line! I would not hesitate to recommend their services to those looking for genuine help, expertise and a trusted advisor during their early growth period.

Mark Brooks-Lewis