Recruitment marketplace Jobandtalent raises $42 million Series B round led by Atomico

Madrid-based online job marketplace Jobandtalent has raised $42 million in Series B funding led by Atomico.

Jobandtalent’s mobile-focused platform reduces companies’ need for traditional hiring and interviewing practices, it said. The funding will be used to aid its international expansion and further build its product and engineering teams. It currently operates in Madrid, Barcelona, Mexico City, Bogota, and London. Atomico’s Niall Wass will join the company’s board.

Other investors that participated in the round include FJ Labs; Adeyemi Ajao, VP of technology strategy at Workday; and Bright.com founder Steve Goodman. Ajao and Goodman will also take on roles at the company's advisors.

Recruitment is a sector “ripe for mobile disruption,” said Niklas Zennström, CEO of Atomico. “It was clear to us that Jobandtalent was best positioned to revolutionise this market. Their execution capability, leading matching technology and transactional marketplace approach, will make them scale faster than anyone else,” he said.

“We are ready to scale our platform internationally, and with Atomico we now have the additional investment and expertise to make that happen. They are a perfect fit with their hands-on approach and track record of building global category winners,” said Juan Urdiales, cofounder of the company.

“When it comes to marketplaces, liquidity is key. And in just a few months of launching in the UK, Jobandtalent has become the most liquid mobile marketplace, providing more jobs per month than any other competitor.”