Jobandtalent Raises $ 42 Million, Skype Co-Founder In Tour
The Spanish start-up Jobandtalent, at the origin of the mobile application for “matching” between candidates and recruiters, has just raised 42 million dollars (37.4 million euros) from the venture capital fund Atomico, FJ Labs, Adeyemi Ajao, vice president of Technology Strategy at Workday, and Steve Goodman, founder of Bright.com, a competitor platform of Jobandtalent acquired by LinkedIn in 2014 for $ 120 million.
This operation was led by Niklas Zennström, one of the founders of Skype and CEO of Atomico, and brings the total amount raised by Jobandtalent since its creation to $ 85.73 million. In May 2015, the company had completed a funding round of $ 25 million (22.8 million euros) to focus on the technological development of the platform.
Founded in 2009 in Madrid, Jobandtalent has designed a mobile recruitment application based on “matching”. An algorithm analyzes company advertisements and candidate profiles. At the end of this scan, the application sends an alert to the user as soon as his CV matches an offer available on the platform. The final choice is up to the candidate who can accept or refuse the proposal, his choices being kept to improve the targeting of the algorithm and thus submit offers that are more interesting for the user.
10 million users and 450,000 new members per month
Today, Jobandtalent claims more than 10 million users and 150,000 companies connected to the platform. “Over a billion workers now have cell phones, meaning the recruiting industry is ripe for the mobile disruption», Notes Niklas Zennström, CEO of Atomico.
With this new investment, Jobandtalent wishes to accelerate its expansion into new territories and strengthen its presence in existing markets. Currently, the app operates in 5 cities, Madrid, Barcelona and London in Europe, and Mexico City and Bogota in Latin America. According to figures put forward by the Spanish start-up, more than 450,000 new users join the platform each month. In France, the job matching is gaining ground, especially with Jobijoba which offers personalized job offers.