Joveo, a San Francisco based jobs portal, has received $5 million in venture funding from Nexus Venture Partners. These funds will specifically be used to expand the growth of Joveo, found new partnerships in the industry, and advance their AI research.
Currently, Joveo is a highly well regarded business in both the US and India. The group has many powerful people in their portfolio, including ten of Fortune’s Top 500 companies picks. Kshitij Jain, founder of Joveo, claims the company wishes to be democratic in its approach to the job portal business.
“Ours is a transparent marketplace existing only to assist our partners. With the backing of Nexus Venture Partners, we are poised to significantly increase our reach and create the first AI-based job advertising platform. I am very excited to kick start this next stage of growth,” said Kshitij.
Nexus Venture’s Sameer Brij Verma said in a press statement that “We believe that their next-generation programmatic recruitment platform and integrated apply/click optimisation technology will allow the talent management function at enterprises, RPOs, job boards and recruitment agencies to radically improve their hiring efficiency at substantially lower cost-per-hire while accessing a much larger candidate pool outside the current job-board ecosystem.”
Join us in Bangkok from the 28th of February to the 1st of March for the 22nd Property Portal Watch Conference. The theme for this year is The Future of Online Real Estate Marketing – Getting Closer to the Transaction.