Nine months after the $120 million Series D announcement, Jobandtalent – Spain-based digital marketplace which uses AI to match workers to casual labor gigs in sectors like warehousing, e-commerce and logistics – raised in December 2021 $500 million Series E round led by Kinnekiv AB with significant follow on from Softbank VisonFund 2 valuing the Company at $2.35 billion post-money valuation.
Existing investors include Atomico, DN, Infravia, Kibo and Quadrille also participated in the round. DN first invested in April 2018 and we could not be happier to continue to partner on this incredible journey!
The funding round will help the Company to further accelerate its expansion in key markets including the United States which is a core focus since the latest funding round. Furthermore, it plans to significantly increase the size of both tech and sales team over the next two years in order to scale in the United States and deepen the business in Europe.
But how does this workforce marketplace work? It is very easy: temporary workers apply for and manage roles, submit paperwork, sign contract and get paid via the Jobandtalent app. In this way, it takes over a range of back-office functions for employers dealing with temps and also helps simplify the overall process of finding work especially for those who rely on seasonal and/or temporary jobs.
As of today, more than 1,300 companies are signed up to source new workers via the Company’s app such as DHL, FedEx, XPO, Ceva Logistics, eBay, IKEA, Kuehne & Nagel, JD Sports, Ocado, Sainsbury’s, Argos and GLS.
Juan Urdiales, co-founder and CEO said: “Even with the current pressure in the labor market, we are able to find and match workers with roles at a much higher success rate than others. We are excited to accelerate the expansion of our team and grow our presence in both new and existing markets — helping more workers find the jobs they want, and helping businesses fill the roles they need.”