VC firms invest $16m in Job Today

Existing investors Mangrove Capital Partners and Accel Ventures  also took part in the latest financing.

The fresh capital will be used to expand the firm's presence in the UK, where it hopes to take advantage of higher churn rate in the retail and hospitality sectors that it attributes to the prospect of Brexit.

Job Today said that traditional methods are not fast enough to fill the "Brexit gap", but the opportunity to find and quickly apply for jobs through the app appeals to a younger, less skilled workforce.

Previous funding
Mangrove backed Job Today in June 2015. It was headquartered in Luxembourg but was mainly in use in the Spanish labour market. The investor also subscribed to the $10m series-A round, alongside Accel and Felix Capital.

By 2016, the company had launched in the UK and was looking to expand further into Germany and potentially the US. It raised an additional $20m series-B to finance this expansion.

Company
Founded in 2014, Job Today runs a website and an app that connect job seekers with employers. After creating a profile, both sides may interact via a built-in chat function and discuss a potential employment opportunity. The app matches job seekers and employers by location and other work criteria through its mobile messaging interface. With a particular focus on the services sector, Job Today's largest UK-based clients include Costa Coffee, Pret A Manger and Eat.

People
Job Today – Eugene Mizin (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Benelux
• Technology
• Luxembourg
• Venture