Jobandtalent, a Madrid, Spain-based workforce marketplace that matches workers with temporary roles, secured a €183m in funding.
This includes:
- €100m investment from SoftBank Vision Fund 2 via its Series D round; and
- €83m in debt financing from BlackRock.
The funding will accelerate the company’s expansion into new markets, including the US, and the consolidation of its leadership position in existing territories.
More than 850 companies – including XPO, Ceva Logistics, eBay, Ocado, Sainsbury’s, Bayer, and Santander – use the platform to match temporary roles with the right workers. Jobandtalent employs the workers directly and manages all of the back-end administrative processes including payroll, timesheets, and legal compliance. Through the platform, companies can monitor worker satisfaction, which helps reduce attrition, and follow metrics like absences or late arrivals.
Since its launch in 2009, Jobandtalent has expanded to eight markets: Spain, UK, Germany, France, Sweden, Mexico, Colombia, and Portugal. The revenue run rate of the business has grown from €5 million in 2016 to €500 million in 2020, resulting in a positive EBITDA. The company continues to grow more than 100% year on year. Jobandtalent has raised €310 million to date.
FinSMEs
10/03/2021