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Funding rounds: Metric Search, QX Global Group

Funding rounds: Metric Search, QX Global Group

July 10, 2024
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Specialist recruitment firm Metric Search has secured a multi-million-pound investment from BGF, a growth capital investor in the UK and Ireland. Founded in 2019 by Joe Jani in New York, Metric Search sources skilled, technical talent in the life sciences and energy/infrastructure sectors. The Nottingham-headquartered firm also has offices in New York, London and Florida to service its US customer base.

The funding from BGF will enable Metric to further extend its footprint in the US recruitment market by expanding its offering into dedicated executive search, contract recruitment and further niche specialisms. BGF invests in growing businesses in the UK and Ireland through its network of 15 offices.

Andy McCrae, part of BGF’s Talent Network, is joining Metric as nonexecutive chair while John Joe Walker has been appointed as chief commercial officer. Walker is responsible for the commercial growth of the entire business, leading teams across its four global locations.

Business process management services provider QX Global Group  announced a significant investment from US-based growth equity firm Long Ridge Equity Partners. QX specialises in business and digital transformation, BPM and consulting services within the accounting, recruitment, real estate, manufacturing, public sector, higher education, healthcare, consumer packaged goods, retail, and utilities and energy sectors.

Following the investment, founder and executive chairman Chris Robinson will step down from the QX board after leading the business for the last 20 years.

Abid Neemuchwala will join the company as chairman. Neemuchwala will work closely with the QX team as the company executes on its growth strategy.  He is an advisor on Long Ridge’s executive council and previously held the role of CEO at Wipro.

Frank Robinson, QX Global Group’s CEO since 2018, will step into the role of board executive director and retain a significant investment in QX Global Group.

Pom Chakravarti will become group CEO. Chakravarti has been with QX for nearly 20 years and has extensive experience as a leader across all the business’s main divisions, and previously served as the company’s chief strategy officer.

QX was founded in the UK in 2003 by Robinson and a small team of five Indian accountants based in Ahmedabad. QX has grown to a team of over 3,000 staff spread across operations in 18 countries, including five delivery centres in India and one in Mexico.