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Jobandtalent Raises $500M Series E To Keep Scaling Its ‘Workforce As A Service’ Marketplace

Dec 01, 2021•about 4 years ago

Round Type

series e

Description

Spain’s Jobandtalent, a “workforce marketplace”-cum-digital temping agency which uses AI to match workers to casual labor gigs in sectors like warehousing, ecommerce and logistics, has closed a $500 million Series E round of funding led by Kinnevik and with what it bills as a “significant” follow on by SoftBank VisionFund 2.

Company Information

Company

Jobandtalent

About

Existing investors including Atomico, DN, Infravia, Kibo and Quadrille also participated in the round — which the startup said values its business at $2.35BN (post-money).Alongside the equity raise, the 2009-founded startup has secured another chunk of debt financing ($75M) from Blackrock.Jobandtalent says the latest funds will be used to accelerate its expansion in key markets, including the US — its most recent focus. ,” the startup told us. The startup touts an average NPS score for workers on its platform of 56 vs an industry average that it says stands at just 18. In the first nine months of 2021, Jobandtalent says its platform was used to match more than 100,000 workers to casual roles.