Pip Jamieson, founder of The Dots
The Dots, which has been dubbed the ‘LinkedIn for creatives’, has closed a £4m investment round led by Hambro Perks.
The Dots, a professional network for the future workforce of ‘No Collar’ professionals, has raised £4m from its latest investment round, led by Hambro Perks.
Other notable investors include Sir John Hegarty & Tom Teichman’s investment fund The Garage Soho, and female focused investors Angel Academe.
Launched in 2014 by Pip Jamieson, The Dots is a British scale up designed around the networking needs of 'No Collar' professionals – creators, creatives, freelancers, entrepreneurs and millennials.
With 80 million No Collar professionals globally, costing an estimated £11bn annually to recruit, The Dots are meeting their networking needs, which are currently underserved by incumbents like Linkedin.
The Dots has a quarter of a million members and current clients include Google, Burberry, Sony Pictures, Viacom, M&C Saatchi, Warner Music, Tate, Discovery Networks and VICE amongst others.
This latest investment will be used to consolidate The Dots’ position as a British challenger to LinkedIn ahead of its international expansion.
“Everyone thinks LinkedIn is insurmountable, but that’s exactly why I believe it’s ripe for disruption,” said Pip Jamieson, founder of The Dots. “LinkedIn was built around the networking needs of a traditional workforce of ‘White Collar’ professionals.
“However, there is a new professional class emerging, called ‘No Collar’ professionals who have different networking preferences and need an alternative solution that reflects their behavioural and career preferences.”
With just 2.2% of all global venture capital going to female founders in 2016, Jamieson beat the odds by sticking with her seed investors Hambro Perks, The Garage Soho & Angel Academe - all of which followed on from previous rounds.
New investors include Force Over Mass & Numis Securities. The Dots originally intended to raise £3m, but extended the round to £4m due to investor interest.
“Whole waves of traditional industries will disappear or radically change due to automation” added Sir John Hegarty. “But there is no algorithm for creativity - creators are our future workforce.
“So, if we want our economies to thrive, we need to support the people and teams that bring ideas to life. That is what The Dots is all about; connecting, supporting and championing the people, teams and brands that make ideas happen.”
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