Money + Investments
Photo by Mathieu Stern
Spain-based Jobandtalent Raises USD $500 Million for Its Job Board Marketplace
Spain-based Jobandtalent announced a $500 million in Series E Round of venture capital with a valuation of $2.35 Billion for its job board marketplace. The round was led by Kinnevik and SoftBank. This brings its total raised to $1.1 billion, most of it ($800 million +) raised in 2021.
Jobandtalent provides what it calls a workforce-as-a-service platform. Essentially it’s a job board marketplace connecting temporary/contract workers to jobs. It operates as a virtual temp staffing firm, handling everything including paying the worker. It’s not clear how much of the work on the platform is true temporary employment, versus “gig work.” The company reports that it has secured jobs for “100,000 workers in the first 9 months of 2021 alone, providing them with the benefits and security of full time employment.” Job security, peace of mind, and professional growth for the worker are pillars of its marketing message.
Jobandtalent currently operates in 9 markets and is actively hiring for roles across Europe and in the US. The company reports growth of 130% annually.
$13.7 billion was invested globally in work tech through Q3 2021 across 299 deals. WorkTech Market Insiders can access insights and analysis of all of the deals in our Q3 report with a free membership.
QuickHire Raises $1.41 Million for Skilled Trade and Service Industry Job Board Marketplace with Upcoming Career Development
QuickHire announced a $1.41 million Seed Round of venture capital funding for its job board marketplace focused on skilled trades and the service industry. This brings its total raised to $1.9 million. The round was led by MATH Venture Partners.
In its current form, QuickHire is a job board targeting the service industry and skilled trades with a modern interface, candidate branding and video tools, and what they claim to be robust matching. In its roadmap (coming soon) is what looks to be a suite of career development tools for candidates/consumers including training, certification, content, and coaching.
WorkTech data over the last 6 years shows Job board marketplaces as the leading category for HR tech investment globally and by a large margin.
$13.7 billion was invested globally in work tech through Q3 2021 across 299 deals. WorkTech Market Insiders can access insights and analysis of all of the deals in our Q3 report with a free membership.
France-based Muzzo raises USD $2.37 Million to Connect Employers to Recruiters
France-based Muzzo announced a $2.37 million Seed round of venture capital investment for its marketplace connecting employers to third party recruiters. The round was led by Breega.
Providing a marketplace similar to BountyJobs and other marketplaces that connect recruiting firms and independents to employers. The differentiator here looks to be AI doing the matching.
$13.7 billion was invested globally in work tech through Q3 2021 across 299 deals. WorkTech Market Insiders can access insights and analysis of all of the deals in our Q3 report with a free membership.
https://tech.eu/brief/helping-growing-companies-grow-even-faster-recruitment-marketplace-muzzo-raises-e2-1-million/
Analysis: Germany-based Intrro Raises $2.2 Million For Employee Referral Recruiting
Germany-based intrro announced a $2.2 million Seed Round of venture capital for its employee referral recruiting tech. This brings its total raised to $2.8 million. The round was led by signals Venture Capital.
intrro was launched in 2020 by two ex-Adecco staffers to address what they claim is the “discrepancy” they discovered “that only 7% of applications come from referrals, but more than 30% of hires do.” Increasing the number and conversions of employee referrals has been the impetus behind so many recruiting tech startups that have entered the market since the late 90s. From recruitment marketing approaches to job board marketplaces, trading on the currency of referrals is a well-trodden path of entry for recruiting tech.
A glance at intrro’s website quickly reveals that its approach is one of mining employees’ networks for “hidden employee referrals” based on “personas” with “star ratings” from employees that lead to “warm intros.” They offer employers the promise to “Deep dive into your co-workers’ hidden memory to discover the rockstars from their past.”
From purely a workflow perspective, this makes loads of sense. The challenge the market has historically had with this approach is the employees’ willingness, or lack thereof, to have their LinkedIn and other connections constantly mined for recruiting outreach. When employees are happy, they do want to help their companies succeed, hiring the best people to come work with them. However, they usually want to be in control of their personal networks and are selective about making that recommendation. Personal relationships are, well, personal and I suspect most employees don’t want their employers to be “deep-diving into their memory.”
All of that said, early traction is almost guaranteed for a startup with the promise of making recruiting employee referrals easier. It’s getting to scale where see them stumble. intrro might be one to watch.
$13.7 billion was invested globally in work tech through Q3 2021 across 299 deals. WorkTech Market Insiders can access insights and analysis of all of the deals in our Q3 report with a free membership.
Source: Intrro | We’ve raised $2.2m to help more companies recruit through referrals
Australia-based VideoMyJob Raises USD $2 Million to Embed Video Across the Employee Experience
Australia-based VideoMyJob announced raising $2 million in a LinkedIn post from its CEO.
VideoMyJob delivers an easy-to-use app that embeds custom-branded videos into facets of the employee experience where employer brand and video can be most impactful, including internal communications, employer branding, recruitment marketing, employee onboarding, and employee engagement, job ads, and more. In the LinkedIn post, CEO David Macciocca said the new round of funding would be used to “accelerate innovations.” He also listed several positions the company is recruiting for.
$13.7 billion was invested globally in work tech through Q3 2021 across 299 deals. WorkTech Market Insiders can access insights and analysis of all of the deals in our Q3 report with a free membership.
UK-based Roleshare Raises USD $550K for Job Sharing Job Board Marketplace
UK-based Roleshare announced a $550K pre-Seed Round of funding for its job sharing focused job board and marketplace. The deal was led by private angel investors.
Roleshare “create(s) part-time work that’s as rewarding as full-time. So everyone can grow their careers without burning out. We do this by matching people to share jobs.”from Roleshare’s website
$13.7 billion was invested globally in work tech through Q3 2021 across 299 deals. WorkTech Market Insiders can access insights and analysis of all of the deals in our Q3 report with a free membership.
George LaRocque's updates on who got how much this week
