Season 7 | Ep7 - David Spencer-Percival on securing £4 million in investment funding for Life Science People and what he plans to do with it!

The RAG Podcast - Recruitment Agency Growth Podcast

On this week’s show, I’m excited to be joined for the third time by DSP (David Spencer-Percival!).

The founder of Life Science People, a global life science people provider based in the UK with offices in the US and soon to be opening in Europe. They are just under three years old with 100 staff.

The first time David was on the show, they were on their way to a hundred people - they were flying.

The second time, earlier this year, David talked about how they'd lost a lot of money in the downturn at the end of last year - £800,000 in three months.

The market just wasn't great.

Now, he's back on the show to share that they've just secured £4 million in investment funding by Silchester Partners.

This discreet, private hedge fund now owns 20% of his business and the £4 million is going to fuel their growth for the next 10 years to help them get to 1000 people.

In this 30 minute episode, we cover:

🎙️ The process of the funding,why they needed it, and how they got it over the line

🎙️ What he’s going to do with the money

🎙️ Derisking as a founder on the way up

🎙️ His epiphany - he sold Huntress Group and Spencer Ogden too soon and now he’s on a much longer term trajectory

Anyone who's looking to grow, scale, sell, exit, you've gotta listen to this. DSP is an industry legend!

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Episode sponsor: RecruitHub

Over 70 founders have launched their businesses on RecruitHub in the UK, US, and UAE.

One of them was Stuart Mitchell, Founder of Hampton North in the US.

With experience in both the UK and US markets, million-dollar biller Stuart Mitchell formed Hampton North to tackle the biggest problem in cyber security; the talent shortage.

Before launching his own business, Stuart felt like he had run out of growth and he wanted to achieve a better work-life balance for himself and his team. For Stuart, this meant he could spend more time with his daughter.

He now is on a mission to create the best cybersecurity recruiting team in the industry, with the support of Recruit Hub, The world’s most powerful recruitment start-up solution.

His only regret once joining Recruit Hub? Not joining sooner.

Link to his full story: https://l8.nu/ryze