Jobandtalent, the online job platform, founded in 2009, is a technology-driven employment platform that aims to make the job market much more flexible and transparent, helping companies meet their hiring demands. It achieves this by being a highly personalized Marketplace (read our definition of Marketplace in the article Marketplace Leaders or in the investment analysis carried out by BT).
The company is present in Spain, where its headquarters are located (Madrid), but it is also active in the UK, Germany, Sweden, Mexico, Colombia, France and Portugal. The main objective of its mission is to reduce unemployment in the world. They argue that the labor market has gone from being characterized by a stable structure to being extremely flexible, which causes companies to demand such flexibility and that the traditional job search structure is no longer valid. This is why JobandTalent appears on the market, managing to regenerate this "old-fashioned" process.
At the same time, the flexible state of the labour market means that many workers are in turn in a vulnerable and unprotected employment situation. In an attempt to solve this problem, Jobandtalent has created the Workforce as a Service (WaaS) platform to benefit both companies and employees. This platform offers advantages such as, for example, carrying out everyday processes from an app, such as signing contracts or payroll management, while providing the company with complete information about its employees.
Since its launch in 2009, JobandTalent has raised more than €430M in ongoing funding from various investors, thanks to a total of 15 funding rounds. In 2021, it has already completed three rounds, being the largest it has raised to date. On 8 January it raised €88 million thanks to the contribution of seven investors, with InfraVía Capital Patners as the main investor, an independent investment company specialising in the infrastructure sector.
Two months later, on 9 March, it raised two more rounds. A slightly smaller €83m from the well-known investment management company BlackRock and the other explained in the next paragraph.
Finally, we would like to highlight the last round of funding raised on the same day, 9 March, which, with a total raised amount of 100 million euros, is the largest funding round raised by te online job platform so far. This round involved only one investor, Softbank Vision Fund, Softbank's corporate venturing fund (click here if you want to know what corporate venturing is), which aims to invest in companies and foundational platforms that SoftBank believes will revolutionise and innovate the world of tomorrow.
The image shows the evolution of the company in terms of funds raised through the different rounds of funding raised up to now. It can be clearly seen that it has a positive progression which indicates that the company is expanding.
These new investments are made with the aim of continuing this growth and expansion of its global presence. It is also to strengthen its unique proposition and to help regenerate that process, which as they say, is still a traditional process. As can be seen, in turn, in the graph, the online job platform is betting on this growth by raising funds from a total of 24 investors, highlighting its nine main investors: : DN Capital, Atomico, Kibo Ventures, SEEK, Qualitas Equity Partners, the aforementioned Softbank Vision Fund, BlackRock and InfraVia Capital Partners and, finally, Pelayo Cortina Koplowitz, an individual investor.