JOB TODAY, a mobile-focused casual job marketplace headquartered in Luxembourg, has raised $16 million from 14W in a Series B round extension. The company operates in Spain and the UK; it plans to use the majority of the cash to increase its presence on the British market, where the looming Brexit is supposedly creating a gap between supply and demand.
“The casual job market is often the first to experience the effects from macroeconomic forces and Brexit will mean that many non-skilled and non-British workers will leave the UK,” said Eugene Mizin, CEO of JOB TODAY. “This will create a demand to fill casual jobs and create new opportunities for the less-skilled school, college and university leavers entering the workforce for the first time in 2019.”
JOB TODAY comes as a mobile app that connects job seekers with employers, aiming at filling vacancies in sectors like horeca within 24 hours. The startup states that its regular customers include Costa Coffee, Pret A Manger, and EAT. Launched in 2015, the startup says it’s processed over 5 million candidates across Europe, of whom 70 percent are under 35 years of age.
“Hiring in the UK remains largely offline with limited technology innovation, despite a massive shift to mobile and higher smartphone penetration,” said Alex Zubillaga, Managing Partner of 14W. “30 percent of registered employers on the platform have never used online recruitment before. That shows the power of JOB TODAY.”
The startup stated that the overall volume of applications in the UK has grown by 46 percent year-on-year, while the number of applications per candidate increased by 32 percent.