Recruitment role matching technology developer jobandtalent is looking to build on user growth of 200,000 a month after closing an equity funding transaction.
Founded by two Spanish entrepreneurs in 2009, the business has its operations split between London and Madrid – with the UK handling sales and operations while Spain deals with development.
Alongside business angels Pelayo Cortina Koplowitz and Nicolas Luca de Tena, Qualitas Equity Partners, Kibo Ventures and FJME Ventures are taking part in the $14 million deal.
Jobandtalent’s service sees users upload a professional profile and then receive tailored job alerts, meaning the time taken searching for vacancies is removed. Users are also able to improve the service by highlighting whether early referrals fit with what they are looking for.
Speaking to GrowthBusiness, co-founder and co-CEO Juan Urdiales, says that jobandtalent is similar to the service corporates might get from a headhunter, but works 24/7 with more listings.
Companies such as Deloitte and Kellogg’s are using jobandtalent to fill vacancies, with some 2.5 million jobs posted on the platform each month.
‘This is a round which is going to be used for growth. We’re going to be develop and will be doing a lot of improvements to the product – but the main purpose of the funding is expand in our existing markets of the UK and Spain and then grow in Latin America where we have some presence,’ Urdiales tells us.
‘Then we also want to make our first steps into the US, where we’ll need to do a proof of concept to see how the model might work.’
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As part of the deal, existing angel investor Felix Ruiz is joining the jobandtalent management team. Aside from being an early backer of the company, Ruiz was the founder of social networking venture Tuenti.com before selling it to Telefonica for $100 million in 2010. A further skill set acquisition is coming in the form of #tru events, entrepreneur Bill Boorman.
‘Having worked in this industry for over 30 years, I’ve always been interested in different approaches to job seeking and networking but I’m only now seeing real change and disruption in the field of recruitment, which is really exciting,’ Boorman says.
‘That is why I’ve joined the advisory board, as I believe jobandtalent’s future plans align perfectly with society’s adoption of mobile technology, data driven experiences and the need to be connected at all times.’
Previous funding for jobandtalent involved a €2.5 million deal, led by Spanish investor Kibo Ventures, in 2013 and a smaller €1.1 million seed round in 2010.
