Jobandtalent takes $120M from Softbank to enter the US market
Spain’s Jobandtalent, a digital temp staffing agency startup which operates a dual-sided platform that matches temps with employers needing casual labor in sectors like ecommerce, warehousing, logistics and manufacturing, has grabbed €100 million (~$120M) in Series D funding from SoftBank’s Vision Fund 2.
Previous investors — including Atomico, Seek, DN Capital, InfraVia, Quadrille, Kibo and FJ Labs — also participated in the round.
The new raise fast-follows a $108M top up to Jobandtalent’s Series C round, which we reported on back in January. In total, the company has raised a total of €310M (just under $370M) since being founded back in 2009.
Today Jobandtalent is also announcing a ~$100M (€83M) in debt financing from BlackRock.
The startup tells us the mix of debt and equity will help it step on the gas and accelerate growth of its marketplace faster than if it took in less capital at this point, as well as enabling it to plough more resource into its product and tech development.
On the tech side its platform uses learning algorithms to match temps with jobs — speeding the hiring process up. It also offers a CRM for employers which bakes in analytics for tracking workforce performance in real time — which it says can help them monitor workplace satisfaction, reduce attrition and track metrics such as absences and late arrivals.
For temps there’s the promise of steadier and easy to obtain shift work — as Jobandtalent streamlines job application admin and payroll into a one-stop (Read more...)