Tallinn-based AI-enabled platform focused on making employee relocation easy, Jobbatical has raised €11.6 million in funding. The round was led by Inventure VC, with the participation from Karma VC, Metaplanet, and current owners Union Square Ventures and Swiss Post. Angel investors including Joe Zadeh, former Head of Airbnb experiences and Devotion Ventures also participated in this round.
With clients such as N26, Pipedrive, and Personio, the company is currently operating in 10 markets. With the new capital infusion, it plans to start operations in 30 new markets in the coming 24 months.
Founded in 2014 by Karoli Hindriks and Ronald Hindriks, Jobbatical aims to automate the cumbersome manual work involved in relocation administration. This in turn lowers the workload for HR teams, allowing them to devote more time to activities that provide value to the employee experience.
The startup also provides a wide range of other value-added services, such as assisting talent with opening bank accounts, locating housing, and filing taxes, addressing many of the issues associated with an employee relocating to a new nation.
CEO Karoli Hindriks said: “Smart employers love the idea of hiring from abroad. But confusing, often seemingly impossible paperwork stops perfect hires from happening. So Jobbatical started doing immigration. We got good at it and realised that if we focused all our efforts on our immigration platform, we could help more people. Jobbatical today is the go-to immigration partner for tech startups and traditional companies alike. We free up time for employers to make more hires.”