Liverpool tech venture Deltabase, which provides detailed intelligence on the workplace culture within companies, secures £550,000 investment from River Capital’s fund:AI. Tony McDonough reports

SME funding specialist River Capital is investing £550,000 into a Liverpool tech venture providing workplace culture ‘intelligence’.

Based at the Cotton Exchange in the city centre, Deltabase provides what it calls “human capital intelligence” for HR decision-makers and global advisory firms including KPMG, PwC and Mercer in the UK and North America.

Its AI and deep data platform measures workplace culture, an increasingly important metric for many firms and organisations. It does this by analysing all publicly available data on the communications and capabilities of the people within an organisation.

This can prove useful for a business that wants analysis on companies in its supply chain or a company that it may be looking to acquire. It can also be invaluable for large corporates that want to benchmark their own workplace culture against their competitors.

Having relocated to Liverpool from London, Deltabase represents another inward investment into the north and in particular into Liverpool city region. It was founded in 2019 by advisory consultants, Phil Spratt, Alastair Whiteley and David Rowe.

Chief executive Phil Spratt, who studied at the University of Liverpool, said: “We’re incredibly proud of what we have built so far with the support of our team and our customers, and this investment round marks the start of a new phase of scaling for us.

“With many organisations facing into the impact of AI on their business, taking a workforce-led approach, guided by data and insight is a key enabler to success.

“We’re excited about the opportunity ahead of us as we seek to help HR leaders and people and culture focused advisory teams be more data-driven across the key areas of culture, talent and workforce.”

River Capital, also based in Liverpool, launched fund:AI in 2022, offering investments of between £500,000 and £2m to start-up and early-stage, high growth ventures working in AI, machine learning and data science.

For this latest deal it has partnered with Manchester based AI investor EHE Ventures. David Walters, investment director at River Capital, explained: “It’s exciting to finally announce this deal which has been in development for some time.

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“We met the company over 12 months ago and are delighted that we were in place to support the company as they became ready for investment.”

This deal was advised for management by Alex Stewart of Knights Corporate Finance and by Daniel Hayhurst of Brabners who provided legal support for the River Capital Investment.