Our Kiwi partner Fuel50 raises $2.5m

Fuel50-LogoWe were delighted to recently hear the news that our New Zealand partner, Fuel50, who developed the career pathing software CareerCENTRE™ (known as Fuel50 in other countries) raised $2.5 million in Series A funding, which brings total funding to an impressive $4.6 million.

Two prominent southern California firms, Rincon Venture Partners and Bonfire Ventures led this latest round of funding

The funding will help Fuel50 and 10Eighty to continue enabling leaders to engage and motivate their teams, and empower employees to have a visible career path in their organisation.

With high-quality candidates in short supply and increasing costs of talent turnover, career pathing has become more critical than ever – Deloitte named career pathing a key area that organisations should focus on.

More than 80 percent of companies want better talent mobility while 70 percent of employees leave due to lack of career development and growth opportunities.

Solutions that impact on engagement

The technology in CareerCENTRE™ addresses these gaps with solutions that directly impact on engagement, performance and retention — enabling employees to drive their own growth and performance within an organization.

Anne Fulton, CEO and Co-Founder, Fuel50 said:

“The way talent traditionally climbs the career ladder and develops skills is broken, leaving talent frustrated and companies lacking the levels of engagement and performance required to move at the pace of business today,”

“In our short history, our customers have already realised real engagement wins while top talent has developed in meaningful ways. We’ll use our funding to service our growing corps of clients and to expand our reach even further around the world.”

The funding round also introduces Jim Andelman, co-founder and Managing Director of Rincon Venture Partners and Bonfire, to Fuel50’s board.

“Career pathing is one of the next frontiers of HR technology, and Fuel50 is at the forefront of this shift, equipping companies with the tools and technology to give their talent a meaningful career trajectory,” commented Andelman.

Launched in 2014 by co-founders Anne Fulton and Jo Mills, Fuel50 (aka CareerCENTRE™) is currently used by 75 Fortune 500 companies, across 33 countries and in 28 languages, supporting hundreds of thousands of employees.

Find out more

If you would like to find out more about CareerCENTRE™ please click here.

Michael is Chief Executive of 10Eighty. 10Eighty is a career and talent management consultancy that helps organizations maximize the contribution of their employees by ensuring satisfying jobs and careers for their employees. Michael is a Human Resources professional, having worked in the National Health Service, Insurance, Commodities and Derivatives industries. He has worked within the career coaching business for fifteen years, both managing a £7 million business and delivering bespoke, one to one career coaching. In the last 15 years Michael has run businesses that have helped 75,000 people make successful career transitions. He is a frequent commentator in the press/media, which includes a range of topics on “successfully managing your career” and talent management. Most recent media mentions have included BBC South, CNBC, Radio4, Financial Times, City AM, Financial News, Evening Standard, The Sunday Times, The Grapevine and HR Magazine, to name but a few. He writes a careers column for People Management, a blog for the Human Resources Magazine and is a regular contributor to The Thompson Reuters HR Portal. Michael is known as a thought provoking speaker in the HR industry. In the last 18 months, Michael spoke at the Careers Partner International Conference, NHS breakthrough conference, NHS North West Leadership Academy, London School of Economics, University of Westminster’s Talent Management Conference, ICAEW Finance Directors Conference, CIPD learning and development conference and CIPD branch seminars. He is also Chair of the CIPD’s Central London Branch. Additionally is a non executive director of Marshall ACM, an e-learning company and the Total Reward Group, a compensation and benefits consultancy. Michael plans to publish his book “The guide to everlasting employability” in the Autumn 2012. He has just launched an iphone app “careers snakes and ladders” and an online interactive version of the book in collaboration with Marshall ACM to coincide the launch of his new business 10Eighty. Michael has a degree in Economics, a MBA from Warwick Business School and is a Fellow of the Chartered Institute of Personnel and Development. He holds an accreditation from the British Psychological Society for the use of psychometrics. Michael has completed the Fairplace Internal Accreditation Programme, the training element of which is externally recognised by the Association for Coaching. Michael Moran was until January 2012 Chief Executive of Fairplace and a main board director of Savile plc, the career and talent management consultancy. Fairplace is part of the Savile Group, an AIM listed plc. The Savile Group was placed 16th in the Sunday Times top 100 small companies in 2010.

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Michael Moran – CEO 10Eighty

A blog about career and talent management, things that might help you with your career and in your job.