Jobandtalent obtains €70M with SEEK intending on a LatAm expansion

November 20, 2019
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This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Jobandtalent has closed a funding round worth ​​more than 70 million euros thanks to the leadership of the Australian company Seek. The capital increase has taken place between new securities and the repurchase of those owned by the initial investors.

In addition, DN Capital, Quadrille Capital and Schroeder & Co have also participated in the operation as new shareholders, alongside prior investors Atomico and the FJLabs fund.

According to the newspaper La Información, the round was set earlier this year, although negotiations have been extended so far. The founders of Jobandtalent expected to obtain between 40 and 45 million euros, although the figure eventually exceeded 70.

The resources obtained will be used to continue expanding the company within the United Kingdom, Germany, Colombia, Mexico, Sweden and France markets in which they are already present. But the company also wants to settle in new enclaves, and part of the money will go towards that goal.

Jobandtalent is a market for digital temporary staff. Its personnel-to-order platform aims to break down barriers to job search and hiring, and make the increasing flexibility of the labor market beneficial for companies and workers. With a Workforce as a Service (WaaS) model, they use their patented job search technology to connect companies and job seekers in record time. In addition, they offer integrated messaging, programming, contract signing and payroll services.

To date, they have served more than 10 million people looking for work and 150,000 companies in six countries.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

 

November 20, 2019

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