Berlin-based digital staffing company Zenjob has raised $30 million to expand throughout Germany. The Series C round was led by Forestay Capital and joined by Redalpine, Acton Capital, Axa Venture Partners and Atlantic Labs. “We continue to invest further in our technology and expansion. Soon, more companies across Germany and Europe will be able to book staff by the hour and with fewer than 24 hours’ notice,” says Fritz Trott, co-founder and CEO of the German startup. The recruitment platform allows large and medium-sized businesses in logistics, retail and office work to “order staff” (mostly student employees) through an online booking portal. The perk for students is that they can find short-term jobs, last minute. The company claims its app reaches about 15,000 students per day.
Those students reside in 14 German cities, where the business currently operates. The fresh funding will help Zenjob reach the entire country and prepare for international expansion. The company will also invest in parts of the technology that simplify temporary staffing, such as algorithms that predict staff demand and the inherent fluctuations. Founded in 2015, the HRtech company raised a €15 million Series B last year and an €8 million Series A in 2017.
Photo: Co-founders from left to right, Fritz Trott, Cihan Aksakal, Frederik Fahning. Credit to Davwin Meckel/Ostkreuz