



Recruiting News Network
Recruiting
News
OperationsThe Recruiting Worx PodcastMoney + InvestmentsCareer AdviceWorld
Tech
DEI
People
People on the Move
The Leaders
The Makers
People
People on the Move
The Leaders
The Makers
Brand +
Marketing
Events
Labor +
Economics
SUBSCRIBE





Money + Investments

Madrid-based Jobandtalent Secures a $500 Million E-round

RNN News Update

December 7, 2021

Money + Investments

Madrid-based Jobandtalent Secures a $500 Million E-round

RNN News Update

December 7, 2021

Photo by Visual Stories || Micheile

Jobandtalent - a workforce marketplace that matches workers with temporary roles - announced it secured $500 million in equity investment from Kinnevik and SoftBank Vision Fund 2, closing out its Series E round. Additionally, the company secured $75 million in debt financing from Blackrock. This investment gives Jobandtalent a $2.35 billion valuation. The funding will be used to accelerate the company's expansion in key markets such as the United States, significantly increase the size of its tech and sales teams over the next two years, and add key executive roles.

Jobandtalent has developed technology to match workers with temporary roles at companies in a range of sectors including logistics, e-commerce, warehousing, and manufacturing. As the marketplace grows, the technology is designed with to be able to learn and make better matches utilizing machine-learning.

The ultimate goal of the platform is to make it easy for people to find regular, dependable work and have the security and perks typically associated with full time employment - including pensions, sick and holiday pay, health insurance in some markets, and training courses. Workers can apply for and manage roles, submit paperwork, sign contracts, and get paid entirely within the Jobandtalent app.

"With temporary working increasingly becoming the norm, the opportunity to help workers find reliable, consistent jobs is growing by the day," said Juan Urdiales, co-founder and CEO of Jobandtalent. "The Jobandtalent platform has found the right roles at the right companies for more than 100,000 workers in the first 9 months of 2021 alone, providing them with the benefits and security of full time employment. Even with the current pressure in the labour market, we are able to find and match workers with roles at a much higher success rate than others. We are excited to accelerate the expansion of our team and grow our presence in both new and existing markets - helping more workers find the jobs they want, and helping businesses fill the roles they need."

Natalie Tydeman, Senior Investment Director at Kinnevik, said: "Jobandtalent's workforce-as-a-service platform is disrupting the modern labour market and placing people back at the centre of employment. By offering a personalised service driven by data and proprietary technology, Jobandtalent is simplifying the experience of finding work for thousands of people and transforming it for the better. We're proud to be working with Juan and the team to accelerate the growth of the business."

More than 1,300 companies - including DHL, FedEx, XPO, Ceva Logistics, eBay, IKEA, Kuehne & Nagel, JD Sports, Ocado, Sainsbury's, Argos and GLS - use the Jobandtalent platform to match the right temporary roles with the right workers. The Jobandtalent platform employs the workers directly and manages all of the back-end administrative processes including payroll, timesheets, and legal compliance. The company reports that employees on the platform have an average NPS score of 56 compared to the industry average of 18.

Jobandtalent currently operates in 9 markets and is actively hiring for roles across Europe and in the US. The company is growing 130% annually, and has been EBITDA positive since the second half of 2020. Existing investors including Atomico, DN, Infravia, Kibo, and Quadrille also participated in the round.

‍

Latest round puts the job marketplace at a $2.35 billion valuation

What we're reading

‘We’re all fighting the giant’: Gig workers around the world are finally organizing

by
Peter Guest
-
rest of world

Gig workers are connecting across borders to challenge platforms’ power and policies

Got Zoom fatigue? Out-of-sync brainwaves could be another reason videoconferencing is such a drag

by
Dr. Julie Boland
-
The Conversation

I was curious about why conversation felt more laborious and awkward over Zoom and other video-conferencing software.

How to Purchase an Applicant Tracking System

by
Dave Zielinski
-
SHRM

Experts say the first step in seeking a new ATS should be to evaluate your existing recruiting processes.

View All Articles

Events
No items found.
View All Events
Related Articles

Rising Hourly Wages Are Reshaping Talent Acquisition Strategies for HR Leaders

April 1, 2025

Pay transparency isn’t optional–here’s how to own it

HR Dive

January 23, 2025

© 2024 recruiting news network.
all rights reserved.



Categories
Technology
Money
People
TA Ops
Events
Editorial
World
Career Advice
Resources
Diversity & Inclusion
TA Tech Marketplace
Information
AboutContactMedia KitPrivacy Policy
Subscribe to newsletter
