Montreal-based Talent.com has announced a $120 million US Series B funding round led by Inovia Capital, with the participation of existing investor Caisse de dépôt et placement du Québec (CDPQ), and new investors Investissement Québec, Climb Ventures, BDC Capital, Fondaction, and HarbourVest Partners.

This brings total recent investments to $150 million US, including $30 million US in new debt financing from the Technology & Innovation Banking Group at BMO Financial Group. The company tells us it will use the funding to further expand its user-centric, programmatic job search platform by improving the relevancy and efficiency of the job search experience for job seekers. The funds will also be used to hire new team members globally, invest in product development, further establish the brand, and scale solutions for SMBs.

Talet.com company was founded in 2011 as Neuvoo, with a goal of being Canada’s answer to Indeed.com and Monster.com. It invested $1.3m USD in December, 2019 to acquire the talent.com URL - a smart move, considering the challenges with pronouncing Neuvoo. At the time they were reporting $75m in annual revenue, and reportedly have increased that to well over $100m at this time.

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"We're thrilled to have reached this exciting milestone in the life of our company," says co-founder and co-CEO Lucas Martínez. "With this new investment, we look forward to further strengthening our position as a leading global next-generation job search platform by hiring top talent and increasing our investment in product and R&D."

Talent.com is available in 78 countries and 29 languages and currently employs 400 people globally. Its technology matches job seekers with relevant job opportunities while its pay-per-click model helps recruiters adjust their job advertising campaigns based on performance. The platform contains more than 30 million jobs from 1 million companies.

"Talent.com continues to be a disrupter of the very large global recruiting industry and is well positioned to accelerate its impressive expansion through its ability to adapt to the changing market and technology," says Alexandre Synnett, Executive Vice-President and Chief Technology Officer at CDPQ. "Since our first investment in 2019, the company has tripled in size, and we are committed in supporting its future growth."

The company was founded and is led by co-founders Maxime Droux, Lucas Martínez, and Benjamin Philion.

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