Information Technology
Blockchain-powered Start-up Nodal Labs Secures Significant Series A Funding
Nodal will use the funds for the further development of its platform – with an official launch in Spring 2019 – as well as expanding the organisation's mergers and acquisitions strategy.
Founded by Oliver Hibbs-Brockway , a UK-based technology entrepreneur, Nodal is a fully-automated talent platform that aims to dramatically reduce the amount of time and money spent on recruitment, onboarding, payroll and management for both freelancers and employers.
Developed to reinvent the recruitment process by creating a fairer, more transparent system for both freelancers and their clients, Nodal uses a custom-built blockchain to record and verify all transactions. Using blockchain, the platform will seamlessly automate timesheets, the on-boarding of freelancers and compliance, while guaranteeing that the skills and experience quoted matches those of the candidate – with data kept securely on a decentralised ledger.
As part of ABH Management LLP's investment in Nodal Labs, Barry Hudson will join the company's board as a director. Hudson will sit alongside Jamie Smith , a Partner at Sheridans, a leading UK law firm specialising in the advertising, digital and interactive media industries.
The platform will launch across the Creative, VFX, Film, Construction, Property and Engineering sectors in Spring 2019. Further sector expansions are planned.
For media enquiries please contact: Nodal@mcsaatchi.com