German job search platform Joblift has raised €10 million in fresh funding led by DN Capital with participation from Picus Capital, Cherry Ventures, btov, and TruVenturo.
The recruitment advertising market is worth $670 billion and is growing 4% a year but the market is still rather fragmented. Berlin-based Joblift aggregates job ads, using machine learning, from multiple sources like job boards, corporates, and recruitment firms. It currently operates in Germany, France, the Netherlands, and the UK and has 1.5 million monthly site views.
Data analytics is a key component of Joblift’s services and it will be investing the new funds in recruiting more data scientists and software engineers. It added that it plans to double in size within the next six months.
“People have been job hunting online for many years now and yet there is still no go-to destination that aggregates the thousands of sites where jobs can be listed,” said CEO Luak Erlebach.
“At Joblift we want to personalise the search as much as we can, but we also want to make it completely transparent to the recruiter so that they know exactly what they are getting for their investment,” he said.
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