Hiremii Group has raised $1.764 million through a strategic placement to fuel growth of its AI-driven recruitment platform and appointed Vaughan Webber as its new Chair.
- Raised $1.764 million via placement of 42 million shares at $0.042 each
- Placement includes options exercisable at $0.05, pending shareholder approval
- Funds aimed at commercialising AI recruitment technology and expanding globally
- New Chair Vaughan Webber appointed, bringing extensive corporate finance experience
- Former Chair David Buckingham remains on board as Non-Executive Director
Strategic Capital Injection
Hiremii Group (ASX – HMI), a technology-driven recruitment company, has successfully completed a $1.764 million capital raising through a placement of 42 million shares at $0.042 each. This placement attracted a group of strategic professional and sophisticated investors, signalling confidence in Hiremii’s growth prospects. Alongside the shares, investors will receive options exercisable at $0.05 within two years, subject to shareholder approval expected in March 2026.
Fueling Global Expansion and Technology Commercialisation
The fresh capital is earmarked to accelerate the commercialisation of Hiremii’s proprietary AI-powered recruitment platform, which leverages machine learning to streamline candidate shortlisting and recruitment processes. The company plans to leverage its new investors’ strong networks across Asia Pacific, Australia, and the Americas to expand its footprint and explore synergistic growth opportunities, including potential acquisitions that complement its core technology and recruitment services.
Leadership Transition to Support Next Growth Phase
Coinciding with the capital raise, Hiremii has appointed Vaughan Webber as its new Chair and Non-Executive Director, effective 1 February 2026. Webber brings over two decades of corporate finance expertise, particularly in guiding small-to-mid cap ASX-listed companies through growth and funding strategies. His appointment is expected to provide strategic oversight as Hiremii scales its operations. Meanwhile, outgoing Chair David Buckingham will remain on the board to ensure a smooth leadership transition.
Market Reception and Outlook
The placement price of $0.042 per share represents an 11.6% premium to the 15-day volume weighted average price and a slight premium to the last closing price, reflecting investor optimism. Managing Director Andrew Hornby emphasised the importance of this capital raise in building momentum for Hiremii’s commercialisation phase and expanding its recruitment capabilities. The company’s focus on AI-driven optimisation and strategic partnerships positions it well to capture growth in the evolving recruitment technology sector.
Bottom Line?
Hiremii’s fresh capital and leadership renewal set the stage for a pivotal growth chapter, but execution risks remain as it scales internationally.
Questions in the middle?
- Which strategic investors have joined, and what partnerships might they unlock?
- What specific acquisition targets or timelines does Hiremii have in mind?
- How will the market respond to the shareholder vote on the placement options?