
Forestay Capital backs $30m round for Zenjob
Forestay Capital has led a $30m series-C round for Germany-based digital temporary staffing platform Zenjob, with participation from existing investors Redalpine, Acton Capital, Axa Venture Partners and Atlantic Labs.
The company will use the fresh capital to expand throughout Germany and plans for its platform to be available nationwide by the end of 2020. The need for short-term staffing in logistics and retail has increased during the coronavirus crisis, the company said in a statement.
Previous funding
Atlantic Labs led a seed round for Zenjob in April 2016. The firm also participated in Zenjob's €8m series-A in April 2017, accompanied by 500 Startups, Acton and Redalpine.
In November 2018, Axa Venture Partners led a €15m series-B round for Zenjob. Acton, Atlantic Labs and Redalpine also participated in the round.
Company
Zenjob provides a software platform for employers and prospective employees, largely aimed at students, offering short-term and flexible jobs, often at less than 24 hours' notice. It focuses on roles in the hospitality, logistics and retail sectors. The platform is currently available in 14 cities in Germany, including Berlin, where the business is headquartered. The business was founded in 2015 and employs 250 staff.
People
Zenjob – Fritz Trott (co-founder, CEO).
Forestay Capital – Frederic Wohlwend (managing partner).
Redalpine – Harald Nieder (partner).
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