Technologies linking labour supply and demand get funding

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Integral service around a transaction
BY : Diego GutiérrezFebruary Tue, 2016
After Jobantalent's large €23M funding round in 2015, a wave of rounds has begun in companies that make it possible to better unite the parties involved in the labour market. In the words of Felipe Navío, co-founder of jobandtalent, "the employment market needs more dynamism and this transformation cannot only come from regulatory changes that boost employment. It must also come from an improvement in the information and communication of the job offers that exist at any given time". So far this year we have heard of 3 technology companies that have received funding in this area.



Jobtoday receives $10M in funding

Jobtoday is a startup of Luxembourg origin, which was launched in Spain in April,  initially in Barcelona and then came to Madrid, London and Paris. It has now received a $10M round in order to expand into other parts of Europe, as well as reaching the US later this year.

 The round, which was led by the venture capital firm Accel Partners, also included the participation of Felix Capital and the Luxembourg fund Mangrove Capital Partners. The latter has previously provided €1.5 million in seed capital to the startup.

One of the biggest advantages of Job Today is that it allows job seekers to contact companies and their managers directly via instant messaging. Responses are guaranteed within 24 hours. In just one day, it is possible to know whether the profile has been shortlisted or discarded.

Guudjob and Heygo also receive funding

Guudjob is a free tool that allows professionals to offer their services, while giving anyone access to an extensive catalogue of freelancers, freelancers and salaried workers. Thus, detailed searches for professionals can be carried out, thanks to filters such as location, speciality, price and user ratings. Among its main advantages over the competition are the ability to geolocate and act in real time, as it is a 100% mobile application, and the real-time rating of workers, which allows them to be recognised for their work.

The capital, which comes from international private investors and Spanish business angels, will drive the internationalisation of the app and the improvement of the product for its scalability.

This interest from international investors has been motivated by Guudjob's solid track record. Since its founding in 2014, it has garnered numerous awards: best Spanish app by The App Date, being in the Top 16 of the best apps in the world at the Mobile Premier Awards and winning the Cinépolis Seedcamp startup competition in Mexico last November.

 Heygo has successfully closed its first round of €66,000 from private funds and €140,000 from public funds. The main investors include Godó Group, Zeta GroupThe company is now in the process of raising more investment to start its venture into the United States. The company is now in the process of raising more investment to start its venture into the United States.

 Heygo is a mobile application to offer or search for services between individuals in a geolocalised way so that citizens can earn extra money by offering their skills or find someone nearby who can help them. Heygo is based on the premise that any skill and knowledge can be used to help someone who is close to you.

The app ranks the offer based on proximity, so users always find the person who can help them nearby. They probably even know each other or have passed each other several times in the street. This proximity, together with the reviews of the services provided by other users, provides the touch of trust that is needed in a collaborative economy platform.

If you are looking for funding for your startup, contact us. Baker Tilly has a team of experts in alternative financing at your disposal, call + 34 946424142 or fill in the contact form.

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