# Bright Network (UK)

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bright-network-uk

- Industry: Internet
- Headquarters: London, UK
- Website: www.brightnetwork.co.uk
- Total disclosed funding: $4.4M
- Latest round: Series B (Mar 19, 2020)
- Investors on record: 3

## About

Bright Network (UK) Limited is a career development platform providing essential support for students and recent graduates, facilitating connections with top employers through various educational resources and networking opportunities.Bright Network (UK) Limited, founded in 2013, is headquartered in London, UK. The company specializes in aiding students and recent graduates in their career journeys and has pivoted to enhance its services over the years. The CEO and Founder, James Uffindell, has a background in developing platforms that connect talent with employers. As of March 2020, Bright Network raised GBP 3.6 million in Series B funding led by Maven VCT, which they will utilize to support their Software as a Service (SaaS) solution. The company has completed a total of 3 deals, with their most recent deal occurring in March 2020. Bright Network's current company valuation stands at GBP 13.79 million.Bright Network primarily offers a free membership platform designed to support students and recent graduates in their career development. Their core services include a career path test that aids users in identifying suitable industries and roles based on their skills and personality, alongside access to the Bright Network Academy, which provides online courses aimed at developing essential career skills. The platform also facilitates connections between members and top graduate employers through networking events, both in-person and virtual, such as Bright Network FESTIVAL. The customer base comprises over 1.2 million students and graduates across various geographical markets, including the United Kingdom, Germany, and other European regions, focusing on sectors such as technology, finance, consulting, and more.In the most recent fiscal year of 2024, Bright Network generated revenue of GBP 12,936,138.10, with an EBITDA of GBP -399,625.30. The company generates revenue through partnerships and collaborations with leading employers who seek access to a pool of qualified student and graduate candidates. These partnerships often involve employers sponsoring events or providing exclusive job listings that are promoted to Bright Network's members. The transaction structure primarily operates on a B2B basis, where employers pay for enhanced visibility and recruitment solutions tailored to attract suitable candidates. This engagement may include customized recruitment events and targeted marketing strategies for their job offerings.Looking ahead, Bright Network plans to leverage its recent funding of GBP 3.6 million raised in March 2020 to expand its SaaS solution. The company aims to enhance its offerings and develop new products designed to improve the career development experience for its users. Bright Network is also targeting expansion into additional European markets to broaden its reach and better serve students and graduates across the continent.

## Funding rounds

- Series B, Mar 19, 2020, $4.2M — Seneca Partners, Maven VCT
- Seed, Dec 1, 2014, $0.1M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Seneca Partners — Series B
- Maven VCT — Series B