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Backed with $500M, Jobandtalent goes for the American dream

Jobandtalent has secured a $500 million investment in its Series E round. With the money, the Madrid-based digital temp staffing agency looks set to pursue the American market. “With temporary working increasingly becoming the norm, the opportunity to help workers find reliable, consistent jobs is growing by the day”, said CEO Juan Urdiales.

Jasper Spanjaart on December 17, 2021 Average reading time: 3 min
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Backed with $500M, Jobandtalent goes for the American dream

As talent shortages loom, more companies look toward simple and effective solutions to help bridge the gap between supply and demand. It has resulted in digital temp staffing, like many other forms of recruiting, never being hotter. For proof, we just need to look at Madrid-based digital temp staffing agency Jobandtalent. After raising a total of $108 million in January and a further $120M in March, the Madrid-based start-up has now raised a further $500M in one of the most successful seeding rounds to date.

Earlier in 2021, podcast hosts Chad Sowash and Joel Cheesman played a little game: Which (relatively) new tech companies in the TA, HR and recruiting industry should (or shouldn’t) you bet on? Their consensus on Jobandtalent was clear: buy. “It’s kind of like an Uber for jobs”, Sowash said. “These guys, it seems are on the right path, if not already have the infrastructure in place to build that.” 

‘Roles for more than 100,000 workers in 9 months’

More than 1,300 companies depend the Jobandtalent platform to find an adequate amount of temporary workers — including FedEx, eBay and IKEA. “This has ultimately led to higher levels of worker satisfaction, fulfilment rates, and retention. Even during the global labour shortage”, the company states. “Overall, employees on the platform have an average NPS score of 56 compared to the industry average of 18.”

“This has ultimately led to higher levels of worker satisfaction, fulfilment rates, and retention. Even during the global labour shortage.”

“The Jobandtalent platform has found the right roles at the right companies for more than 100,000 workers in the first 9 months of 2021 alone”, said Juan Urdiales, co-founder and CEO of Jobandtalent. “We provide them with the benefits and security of full time employment. Even with the current pressure in the labour market, we are able to find and match workers with roles at a much higher success rate than others.”

The American Dream

Jobandtalent currently operates in 8 — predominantly European — markets. The UK, Spain, Germany, Sweden, France, Mexico, Colombia and Portugal all have their own respective platform. But on the back of an annual reported growth of 130% and a hugely successful equity investment round, the company will now look to expand into new territories. Namely: the United States.

“We are in a great position to launch our platform in the US and offer a great value proposition to workers and employers there.”

“We are not yet seeing any competitor operating in the US at large scale and in multiple states in the verticals where we operate”, Urdiales told TechCrunch in March. “We believe that in our case, after having operated our model in Europe with high standards on labour rights and complex regulatory environments, we are in a great position to launch our platform in the US and offer a great value proposition to workers and employers there.”

After its successful March funding round, Urdiales also confirmed that Jobandtalent would also look to enter two more markets in Europe: Italy and the Netherlands. “With temporary working increasingly becoming the norm, the opportunity to help workers find reliable, consistent jobs is growing by the day”, he said in a press statement. “We are excited to accelerate the expansion of our team and grow our presence in both new and existing markets. Helping more workers find the jobs they want, and helping businesses fill the roles they need.”

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Jasper Spanjaart

Jasper Spanjaart

Editor-in-Chief and Writer at ToTalent.eu
Editor-in-Chief and writer for European Total Talent Acquisition platform ToTalent.eu.
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