Madrid’s Jobandtalent rakes in $575 million in new funding round at $2.35 billion valuation

Madrid’s Jobandtalent rakes in $575 million in new funding round at $2.35 billion valuation

Madrid-based Jobandtalent has raised a robust $500 million in equity funding and $75 million in debt financing in a Series E funding round. The company provides individually tailored matches between workers and companies in a wide range of sectors including logistics, e-commerce, warehousing, and manufacturing. The half a billion in new capital is expected to further drive expansion into the US, and other key markets. To date, the company has raised over $1 billion in funding.

Jobandtalent’s ultimate goal 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. Something France’s Jump is also working on.

"With temporary working increasingly becoming the norm, the opportunity to help workers find reliable, consistent jobs is growing by the day," commented co-founder and CEO Juan Urdiales. “The Jobandtalent platform has found the right roles at the right companies for more than 100,000 workers in the first 9 months of 2021 alone, providing them with the benefits and security of full-time employment.”

Jobandtalent currently operates in 9 markets, and counts over 1,300 companies amongst its client roster, including household names such as DHL, FedEx, XPO, Ceva Logistics, eBay, IKEA, Kuehne & Nagel, JD Sports, Ocado, Sainsbury's, Argos, and GLS.

The $500 million in equity funding was provided via Kinnevik and SoftBank Vision Fund 2, with the $75 million in debt financing serviced from BlackRock.

"Jobandtalent's workforce-as-a-service platform is disrupting the modern labour market and placing people back at the centre of employment. By offering a personalised service driven by data and proprietary technology, Jobandtalent is simplifying the experience of finding work for thousands of people and transforming it for the better,” concluded Kinnevik’s Natalie Hugh Tydeman.

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