Contact

Analysis of investment in the technology sector to attract talent. Investments in Job Today and Talent Clue


, , ,
Integral service around a transaction
BY : Diego GutiérrezOctober Tue, 2018

From the point of view of corporate finance, we analyse the investments made in the technology sector to attract talent through the cases of two platforms born in Barcelona: Job Today, a job search tool, and Talent Clue, a recruitment software for companies.

Get in touch with our experts.

From the point of view of corporate finance, we analyse the investments made in the technology sector to attract talent through the cases of two platforms born in Barcelona: Job Today, a job search tool, and Talent Clue, a recruitment software for companies.

Job Today has raised €13.7M from venture capital fund 14W

The online job search platform Job Todayborn in Barcelona three years ago, specialises in job offers for immediate incorporation. Among its services, the start-up also offers the option for its users to create their own CVs and is developing recruitment pages for its clients to include on their websites.

In connection with the transaction, Job Today has raised 16M$ (€13.7M) from New York-based private equity fund 14W. This capital injection is an extension of the series B round the company closed last year. The company will devote most of the newly raised resources to technology and marketing. Its goal is to grow by 40% this year in published offers and improve its monetisation model. Prior to this fund, the firm raised over €30M in a deal led by European media giants RTL Germany and German Media Pool (Germany) and Atresmedia (Spain).

During its short history, Job Today has accumulated 5M users and 450,000 companies on its platform. The key to its success is that Job Today connects two very different and previously isolated audiences: young people and SMEs.

In this sense, 70% of the platform's users are under 35 years old and 35% are under 25 years old. This is a profile accustomed to using mobile phones and sending their CVs via the Internet. Therefore, the idea of Job Today is to eliminate this gap between young employees and SMEs that want to find new ways to contact this young talent through technology.

Before the summer, Job Today closed its Barcelona office with the idea of centralising its customer services in Luxembourg, where it is headquartered. However, the company's founders, Eugene Mizin and Polina Montano, are planning to open a new office in the Catalan capital to cater for technical professionals.

CORPORATE FINANCE EXPERTS

Talent Clue receives €4M to kick-start its internationalisation

The start Talent Clue located in Barcelona since 2013 has been responsible for designing a digital tool to facilitate the recruitment of talent. Created by Ana Izquierdo and Ivan Sala, this platform has just closed a €4M funding round (in 2015 it obtained a €1.5M funding round) that will allow it to improve its technology and start its internationalisation in nearby European countries such as France, Germany, England and Italy.

La operación se divide en dos tramos: una capital increase de 2M€ y un préstamo participativo de otros 2M€. En el primer tramo, ha participado Inderhabs (family office of the Botet family, ex-owners of Caprabo), Finaves (a fund that invests in projects by IESE students and alumni and brings together investors, entrepreneurs and the institution's experience to promote new companies) and shareholders who were already present. As regards the loan, it was granted by Avançsathe Generalitat's investee holding company.

The added value that Talent Clue offers the corporate sector is that it allows them to centralise and manage all the candidate offers they receive through different channels (website, LinkedIn, job portals, etc.) on a single platform. The advantages of this methodology are that it speeds up the process, avoids duplicate applications and allows the employer to retain the data of potential candidates for future vacancies.

In addition, the tool installs a space on the website where information about the company's culture is specified and a communication channel is included. This option strengthens the link between the company and the candidate, and helps to fine-tune the final decision in the selection process.

Talent Clue currently prioritises its service to medium to large sized companies because 60% of its turnover comes from large companies in various sectors, i.e. technology, retail, industrial, etc. Its clients include or have included Accenture, Groupon, Applus Idiada, Media Markt or Danone. In relation to its revenues, 90% of its revenues come from Spain, while the rest are from Latin American clients, although as highlighted, its focus for the coming years is expected to be on European markets.

Analysis of the technology sector for international talent attraction

As can be seen, the following table lists five investments by companies using technology to streamline all HR-related functions. Of particular note is Australia's Flare, a software that manages onboarding, payroll and other HR functions, which by the end of the summer had received a total investment of more than 22M$.

CompanyCountryDescription Total amount of investmentDate of the last round
ChoiceStreamUnited StatesSpecialising in programmatic marketing with personalised audiences, multi-algorithm optimisation, dynamic creative, cross-device tracking and advanced insights.$84,1 M17/09/2015
TemplafyDenmarkTemplafy is one of the fastest growing IT companies in Scandinavia and is already changing the way large companies work with Microsoft Word, PowerPoint, Outlook and Excel.$21,4 M13/02/2018
Tailor BrandsUnited StatesTailor Brands is a revolutionary branding platform that enables customers in over 35 countries around the world to design everything their businesses need effortlessly and at minimal cost.$20,6 M09/05/2018

Other posts that may interest you

Investment in Human Resources Consulting. Securex buys GM Integra and The Key Talent raises €1M.

Time management investment analysis Alliance between SPEC Group and GSA Consulting.

Cutting-edge HR technology: Visier, Chequed.com, Catenon and SnTalent.

Yes looking for investors, you want to buy or sell your company or finance your R&D&I project, get in touch with our Corporate Finance experts.

If you are looking for investors, want to buy or sell your company or finance your R&D&I project, contact our Corporate Finance experts.

Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?

M&A NEWS
INDUSTRIAL REPORTS
closearrow-circle-o-downchevron-downcrossmenu