Jobandtalent, a Madrid-based workforce marketplace that matches workers with temporary roles, announced that it has raised $500 million (approx €441M) in equity investment in a Series E round from Kinnevik and SoftBank Vision Fund 2.
Existing investors Atomico, DN, Infravia, Kibo, and Quadrille also participated in the round. This investment boosted Jobandtalent valuation to $2.35B (approx €2B).
The funding will be used to accelerate the company’s expansion in key markets such as the United States and to significantly increase the size of its tech and sales teams over the next two years.
Company: Jobandtalent, Inc
Raised: $500.0M
Round: Series E
Funding Month: December 2021
Lead Investors: Kinnevik and SoftBank Vision Fund 2
Additional Investors: Atomico, DN, Infravia, Kibo, and Quadrille
Company Website: https://www.jobandtalent.com/
Software Category: Workforce as a Service (WaaS) platform
About the Company: Founded by Juan Urdiales and Felipe Navio in 2009, Jobandtalent intends to make the employment market more fluid and accessible with its proprietary job matching technology. The platform matches workers with temporary roles at companies in various sectors, including logistics, e-commerce, warehousing, and manufacturing. The company is on a mission to make it easy for people to find regular, dependable work and have the security associated with full-time employment. Jobandtalent more than 1,300 companies, including DHL, FedEx, XPO, Ceva Logistics, eBay, IKEA, Kuehne & Nagel, JD Sports, Ocado, Sainsbury’s, Argos, and GLS use its platform. The company is growing 130 percent annually and has been EBITDA positive since the second half of 2020. Jobandtalent currently operates in nine markets and is actively hiring for roles across Europe and the US.
Source: https://siliconcanals.com/news/startups/jobandtalent-bags-441m-funding/