Hiremii, an Australia-based staffing platform for temporary and permanent hiring, announced it has received firm commitments from institutional, professional and sophisticated investors to raise AUD 800,000 (USD 575,316) before costs.

Funds raised under the Placement will be utilised for the expansion of the company's business and for working capital purposes. Specifically, the proceeds from the placement will support continued marketing and business development to attract and acquire new labour hire clients; the further development of the Hiremii technology platform via further research and development

activities; sales and marketing of the Hiremii technology platform to existing and new clients. It will also support additional resources to expand operations into key new markets outside of Western Australia; and costs of the offer and ongoing working capital.

The capital raising will be made via a two-tranche placement of fully paid ordinary shares in the company at an issue price of AUD 0.0447 (USD 0.0321) per share.

Hiremii Managing Director, Andrew Hornby said, “Following the recent acquisition of Inverse Group Pty Limited, the company now has the opportunity to offer Hiremii’s unique AI driven technology recruitment platform to a much larger client base, providing quicker and more cost-effective recruitment services to them. The funds being raised provide us with the additional capital to execute our growth plans and rapidly scale the services being offered to our clients.”

Hiremii also announced that it has appointed Brad Kobus as the company’s new Chief Financial Officer, effective 6 January 2022.

Kobus was CFO for ASX listed Threat Protect Australia Limited, a security service provider from 2019 to 2021. Prior to that, he was finance director at Donhad, a mining consumables subsidiary of US-listed Valmont from 2014 to 2018.

Hornby, said "We are extremely pleased to welcome Brad Kobus as Chief Financial Officer. Brad has served in finance, commercial and information system executive roles. He joins Hiremii’s executive leadership team at an ideal time to provide new financial and commercial governance and support as the Company integrates its services, systems and processes following the acquisition of Inverse Group Pty Limited.”

The appointment follows the recent resignation of Hiremii’s Chief Executive and managing director, Chris Brophy.