Jobandtalent racks up US$108M for its service platform

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Madrid-based Jobandtalent, a digital temp staffing agency that operates a dual-sided platform that connects temp workers with employers needing regular casual labor in sectors like transport and logistics, has $108 million to its Series C  bringing the total raised following an earlier (2019) closing of the round to €166M.

The lead investor in the expansion tranche of its C round is new investor InfraVia, a French private equity firm, which is putting in €30M — investing via a Growth Tech Fund it launched last year that’s focused on European b2b high-growth tech companies.

Existing Jobandtalent investors, including Atomico, Seek, DN Capital and Kibo Ventures, also participated in the Series C top-up.

Jobandtalent says more than 80,000 workers have used its platform to secure temp gigs in the last year across the seven markets where it operates in Europe and LatAm (namely: Spain, UK, Germany, France, Sweden, Mexico and Colombia); while 750+ employers are signed up to “recurrently manage a large part of their workforce”, as it puts it, including XPO, Ocado, Saint Gobain, Santander, Bayer, eBay, Huawei, Ceva Logistics and Carrefour.

Jobandtalent reports the number of workers looking for temp jobs on its platform doubling every year, while it’s grown revenue to €500M and says it’s hit positive EBITDA.

The beefed up Series C funding will be put towards expanding into more markets and doubling down on growing its existing footprint, it said today.

“We will keep expanding through Europe and will consider some additional opportunities (the US and some LatAm countries),” co-founder Juan Urdiales told us, noting that its main markets remain Spain and the UK, while its main sectors are logistics, last mile, warehousing and transport.

 

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