Candy Backs Psychometric Testing Business

Property mogul Nick Candy has been revealed as one of the backers of a futuristic psychometric testing venture which has recently raised a further $4.5m to develop its business.

Arctic Shores was founded in April 2014 by Robert Newry and Safe Hammad with the objective of combining neuroscience, AI and game technology into a recruitment tool. The Telegraph says that the latest funding raise will be used to develop its work in gamified psychometrics, a technique where job applicants are screened according to their performance in a psychometric test in the form of an app or online computer game.

As well as funding from Nick Candy’s Candy Ventures the business has raised funds from transatlantic venture fund Beringea, taking its total funding raise so far to $10m.

While Candy is most well known for his property business, he is also now gaining something of a reputation as a dynamic tech investor too. Previous tech investments include AR company Blippar and ticket marketplace/payment app developer Vibe Group – both of which probably owe their existence to Candy’s belief in their future potential.

Source The Telegraph
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