Madrid-based Jobandtalent secures €100 million from SoftBank Vision Fund 2, takes on US market

Madrid-based Jobandtalent secures €100 million from SoftBank Vision Fund 2, takes on US market

Workforce marketplace Jobsandtalent has secured €100 million from the SoftBank Vision Fund 2 in a Series D round. Additionally, they’ve secured €83 million in debt financing from BlackRock.

SoftBank Vision Fund 2 now joins previous investors including Atomico, Seek, DN Capital, InfraVia, Quadrille, Kibo, and FJ Labs. Jobandtalent has raised €310 million to date.

The funding is expected to promote expansion into new markets, notably the United States.

Jobandtalent’s tech provides individually tailored matches between workers and companies in a wide range of sectors including logistics, e-commerce, warehousing, and manufacturing. The ultimate goal of the platform is to facilitate regular, dependable work, and give job seekers the security and benefits normally associated with full time employment: pensions, sick and holiday pay, health insurance in some markets, and training courses.

And as you might imagine, in the past year alone, Jobsandtalent has reported some robust numbers. 80,000 workers have utilised the platform to find temporary roles.

"There are 500 million temporary workers around the world, and we saw an opportunity to use technology as a way of helping these workers find reliable, consistent jobs," said Juan Urdiales, co-founder and co-CEO of Jobandtalent.

"We want to help match these workers with the right roles at the right companies, and make sure they have the benefits and security of employment. The past year has shown us how critical these jobs are to keeping our economies running, and we think there is a huge opportunity to treat workers well and help businesses fill the roles they need."

At present more than 850 companies utilise the platform including XPO, Ceva Logistics, eBay, Ocado, Sainsbury's, Bayer, and Santander.

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