Barcelona-based CornerJob, a blue-collar recruitment app, has closed a $19 million Series C; it’s previous funding was a $25M Series B round, in July 2016. It also closed a $10M Series A in February of the same year. Total funding to date is now pegged at $54M.
The new financing will be used for product development, says CEO David Rodriguez, as well as bolstering its position in “strategic markets” and expanding into some new ones.
CornerJob focuses on low-skill, high-turnover recruitment, aiming to streamline the hiring and job-search process via a lightweight mobile app that lets employers advertise jobs via its location-based app platform, as well as shortlist and chat with potential recruits.
It’s also building SaaS tools for employers aimed at speeding up the hiring process and ultimately resulting in successful hires — which is how it intends to monetize. Among its investor roster is the VC arm of human resources giant, Randstad, spying some clear synergies.
On the job seeker’s side, as with other mobile startups playing in this app space, CornerJob offers quick and easy location-based job search that can be filtered by sector — aiming to do away with the need for CVs for this jobseeker segment.
“On the product side, we will keep on improving the candidate experience, but… we will [also] concentrate a lot on providing more productivity tools for companies, step up our machine learning initiatives, and reinforce our presence on all elements of the recruitment value chain. For instance on the transactional part with many iterations planed on the service we’ve launched together with Randstad,” says Rodriguez.
“New tools include the ‘flash questions’ feature which allows companies to ask multiple choice questions very specific to the job offer and translate into a chat bot interaction on the candidate side to make the experience always seamless. We’re also introducing a set of features that add more transparency on candidate and company behavior on the platform with reviews, ratings, response times, etc. These are just a few examples of evolutions underway,” he adds.
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