Jobandtalent, a Madrid-based job matching platform, has raised $108 million in a funding round led by SoftBank Vision Fund 2. The company, which uses artificial intelligence to match job seekers with employers, is now valued at $290 million.
This latest funding round is a significant milestone for Jobandtalent, which was founded in 2009. The company has grown rapidly in recent years, expanding its operations to more than 20 countries and partnering with major employers such as Amazon, Uber, and Adecco.
In this article, we will take a closer look at Jobandtalent’s business model, its recent funding round, and what this means for the future of the company.
How Jobandtalent Works
Jobandtalent’s platform uses artificial intelligence to match job seekers with employers based on their skills and experience. The company’s algorithm takes into account factors such as location, salary expectations, and work history to find the best possible match for both parties.
For job seekers, Jobandtalent offers a streamlined application process that allows them to apply for multiple jobs with just one click. The platform also provides tools for creating resumes and cover letters, as well as career advice and job search tips.
Employers, on the other hand, benefit from Jobandtalent’s ability to quickly identify qualified candidates and streamline the hiring process. The platform also offers tools for managing job postings, scheduling interviews, and communicating with candidates.
The Recent Funding Round
Jobandtalent’s recent funding round was led by SoftBank Vision Fund 2, with participation from existing investors such as Atomico and Seek. The company plans to use the funds to expand its operations in the United States and other key markets, as well as to invest in product development and technology.
In a press release announcing the funding round, Jobandtalent CEO Juan Urdiales said, “This investment is a testament to the strength of our business model and the potential for our platform to transform the way companies hire and people find work.”
SoftBank Investment Advisers Managing Partner Munish Varma added, “Jobandtalent’s technology-driven approach to job matching has the potential to disrupt the traditional staffing industry and create significant value for both employers and job seekers.”
The Future of Jobandtalent
With its latest funding round, Jobandtalent is well-positioned to continue its rapid growth and expansion. The company has already established a strong presence in Europe and Latin America, and is now looking to expand into the United States and other key markets.
One area where Jobandtalent may face challenges is in competing with established job search platforms such as LinkedIn and Indeed. However, the company’s focus on using artificial intelligence to match job seekers with employers could give it an edge over these more traditional platforms.
In addition, Jobandtalent’s partnerships with major employers such as Amazon and Uber could help to drive adoption of its platform among job seekers. As more companies turn to flexible staffing solutions, Jobandtalent’s platform could become an increasingly valuable tool for both employers and job seekers.
Jobandtalent’s recent funding round is a significant milestone for the Madrid-based company, which has grown rapidly in recent years thanks to its innovative approach to job matching. With the support of SoftBank Vision Fund 2 and other investors, Jobandtalent is well-positioned to continue its expansion into new markets and to disrupt the traditional staffing industry. As the job market continues to evolve, Jobandtalent’s platform could become an increasingly valuable tool for both employers and job seekers.