Kinnevik leads USD 500m round for JobAndTalent

Greg Gille
02 December 2021

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Kinnevik has led a USD 500m Series E round for Spain-based temporary staffing agency JobAndTalent.

The Series E also featured a follow-on investment from SoftBank Vision Fund 2, while the company secured USD 75m in debt financing from Blackrock. JobAndTalent is now valued at USD 2.35bn, according to a statement.

Existing investors including Atomico, DN Capital, InfraVia Capital Partners, Kibo Ventures and Quadrille Capital also participated in the round.

The funding will be used to accelerate the company's expansion in key markets such as the US, significantly increase the size of its tech and sales teams over the next two years, and add key executive roles.

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

The company then raised a EUR 10.3m Series A round from Qualitas Equity Partners and Kibo in July 2014. Qualitas and Kibo subsequently invested EUR 25m in the business in May 2015.

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

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

In January, InfraVia led a EUR 88m Series C round for the business. Existing investors Atomico, Seek, DN and Kibo also participated in the round. Spanish publication La Informacion reported in November 2020 that JobAndTalent was in discussions for a capital raise of around EUR 60m, which would value the company at approximately EUR 500m.

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 currently operates in nine markets and is actively hiring for roles across Europe and in the US, it said in a statement. The company is growing at 130% annually, and has been EBITDA-positive since the second half of 2020.

People
JobAndTalent – Juan Urdiales (co-founder, CEO).