InfraVia leads €88m round for JobAndTalent

Existing investors Atomico, Seek, DN Capital and Kibo Ventures also participated in the round.

JobAndTalent aims to use the fresh funding to expand its platform to existing markets and to support its growth.

The company now reports revenues of €500m and generates positive EBITDA, JobAndTalent CEO Juan Urdiales from TechCrunch.

Spanish publication La Informacion reported in November 2020 that JobAndTalent was in discussions for a capital raise of around €60m, which would value the company at approximately €500m.

InfraVia has invested €30m in the round and is deploying equity via its Growth Tech Fund, which held a first close in May 2020 on €270m, as reported by Unquote. The fund subsequently held a second close in October 2020 on €400m; the vehicle is aiming for a final close on around €500m, which could be met by the end of H1, a source close to the situation told Unquote.

JobAndTalent is the fund's first investment since its first close, the GP said in a statement. The fund invests equity tickets of €10-50m and focuses on B2B technology companies with an established business model and commercial momentum.

Previous funding
In July 2013, Kibo led a €2.5m round for JobAndTalent, joined by new and existing angel investors.

JobAndTalent raised a €10.3m series-A round from Qualitas Equity Partners and Kibo in July 2014.

Qualitas and Kibo subsequently invested €25m in the business in May 2015.

In June 2016, Atomico led a €42m round for JobAndTalent, joined by the company's existing investors.

Australia-based online employment classifieds business Seek led a €78m round for JobAndTalent in November 2019, with participation from Quadrille Capital, DN Capital and Schroeder & Co. Existing investors Atomico and FJLabs also backed the round.

Company
Founded in 2009 and headquartered in Madrid, JobAndTalent is a temporary staffing platform that allows SMEs to hire and manage temporary workforces. The platform matches workers with potential employers and aims to provide both flexibility and stability for both parties. JobAndTalent employs 695 people, according to LinkedIn.

People
Jobandtalent – Juan Urdiales (co-founder, CEO).
InfraVia Capital Partners – Guillaume Santamaria (partner); Vincent Levita (founder, CEO).

Advisers
Equity (InfraVia Capital Partners) – PwC (financial due diligence); Sidley Austin (legal).

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• Topics
• Expansion
• Southern Europe
• Technology
• Venture
• Spain
• Atomico
• DN Capital