Nature of Funding :
Venture Capital
Use of Funding :
Development Capital
Sector :
EdTech
Amount :
£500,000
Date of Investment :
January 2022
Location :
Liverpool
Fund :
Merseyside Loan and Equity Fund
Summary
Founded in 2018 by ex-teacher Michael Heverin, digital marketing expert Dan Price and recruitment specialist Raina Heverin the company has successfully progressed out of prototype stage and is now gearing for national expansion – ready to support schools and teachers across the UK.
Based in Liverpool City Centre, SupplyWell serves as a digital marketplace platform to bring together supply teachers and schools looking to fulfil temporary teaching roles all within an automated data platform using algorithmic data engines. SupplyWell also helps to reduce absence and improves retention through staff wellbeing modules.
SupplyWell can now look to expand its offering by broadening its workforce and continuing to rollout its AI driven deep job platform across the UK and to international territories.
Testimonial
“Our innovations and technology are what allow us to support our teachers and schools. They facilitate and allow us to create an ethical alternative to traditional agencies. SupplyWell is creating something special, and we are serious about the problems that we are solving in education. We wanted to make sure that we partnered with investors who shared not only our ambitions, but also our passion to create meaningful change in a sector that is often overlooked. The team at River Capital have shown they are committed to accelerating SupplyWell’s growth, ensuring more local jobs as well as supporting opportunities for teachers, schools and students in the Liverpool City Region and beyond.”
Michael Heverin, SupplyWell CEO
Meet our expert team:
David Walters
Investment Director0151 236 4040
Investment Director
david.walters@rivercapitaluk.com
0151 236 4040
What is my role?
I work in the Equity Team as a Technology Investment Director and support technology businesses across the region. I have also operated as a CTO at multiple PE backed companies and have also run AI practices. Data and Artificial Intelligence is my superpower and I am a member of the DataIQ 100.
Hobbies or interests outside of work?
- I collect and restore classic Italian scooters
- I play the guitar
- I support the mighty Tranmere Rovers.
Favourite album?
Sound Affects by The Jam.
Dr Marc d’Abbadie
Head of Venture & COO0151 236 4040
Head of Venture & COO
marc.dabbadie@rivercapitaluk.com
0151 236 4040
What is my role?
I am proud to look after River’s Equity practice as well our Operations and Compliance.
Hobbies or interests outside of work?
- Tango
- Cooking
- Swimming.
Favourite album?
Appetite for Destruction by Guns n’ Roses.
