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Talent.com raises €110 million; looks to expand European branch

Global job search engine Talent.com has raised approximately €110M ($120M) in its Series B funding. With part of the new investment, the company looks to expand its European branch.

Jasper Spanjaart on March 24, 2022 Average reading time: 3 min
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Talent.com raises €110 million; looks to expand European branch

Originally founded in 2011 by Benjamin Philion, Lucas Martinez and Maxime Droux under the name Neuvoo, Canada-headquartered Talent.com has soared to new highs in recent years. The job search engine, which currently serves 78 countries in 29 different languages, has secured approximately €110M ($120M) in its Series B funding round.

Its proprietary technology matches job seekers with job opportunities.

Talent.com currently employs 400 people globally. Its proprietary technology matches job seekers with job opportunities while its pay-per-click model helps recruiters adjust their job advertising campaigns based on performance. Similar to the likes of Monster and Indeed, it offers a search page with displays millions of jobs around the world.

‘New exciting milestone’

“We’re thrilled to have reached this exciting milestone in the life of our company”, said co-founder and co-CEO Maxime Droux in its press statement. “With this new investment, we look forward to further strengthening our position as a leading global next-generation job search platform by hiring top talent and increasing our investment in product and R&D.”

Its Series B funding was led by Inovia Capital, with the continued participation of Caisse de dépôt et placement du Québec (CDPQ). In its second funding round, the company added investments from Climb VenturesBusiness Development Center – BDC, Investissement Québec, Fondaction, and HarbourVest Partners.  

‘A true job-seeker-centric platform’

“The race for talent has only been accentuated by the significant challenges that businesses are facing right now”, said Chris Arsenault, Partner at Inovia Capital, who led the funding round. “Talent.com has rapidly grown to become one of the largest and most international platforms for employers to source and recruit. This partnership is prompting a new phase of growth as they launch a suite of value-added products to become a true job-seeker-centric platform.”

“It is well positioned to accelerate its impressive expansion through its ability to adapt to the changing market and technology.”

“Talent.com continues to be a disrupter of the very large global recruiting industry and is well positioned to accelerate its impressive expansion through its ability to adapt to the changing market and technology”, says Alexandre Synnett, Executive Vice-President and Chief Technology Officer at CDPQ. “Since our first investment in 2019, the company has tripled in size, and we are committed in supporting its future growth.”

Positive implications for the Benelux

As every investment has its own ripple-effect, the Benelux department would also be one of its beneficiaries. After growing to 5 full-time employees in the past two years, Ayver Severien, Talent.com’s Director Benelux, expects that amount to triple in 2022 alone. “We managed to grow our revenue by 114 between 2020 and 2021”, he said on LinkedIn. “Partly by attracting the likes of Randstad and Takeaway.

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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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