“Job Today” Secures $20 Million To Expand Its Service Industry Hiring App
Job Today – job finding app raises money for its expansion
Accel-backed Job Today, an app that lets you find job in just 24 hours has now secured $20 million in its Series B round. Previously it also has raised $10 million in Series A round which was less than year ago. Flint Capital and existing investors Accel Partners, Mangrove Capital, and Felix Capital led the second funding round. Moreover Astremedia (Spain), Channel 4 (U.K.), and German Media Pool VC (Germany) participated in the round.
What has the startup have achieved so far?
According to Polina Montano, co-founder of Luxembourg-based “ the app has already two million registered job seekers and 150,000 businesses in just twelve months”, It processes more than 20 million jobs and over than 74 percent job matches are done on the same day. Job Today is also planning to launch its service in USA soon but there is no avail about the time frame and media partner.
How does the app work?
The app is very easy to use. Employers and job seekers create a basic profile, listing a few key details — such as language skills/requirements, availability/start date and last previous work experience.Rest all work is done via a mobile messaging interface, and candidates are matched on the basis of their location and work criteria. The company’s main motto is to use less paper CVs for service industry sector.
More funding in this sector
In 2016 various noteworthy investment is made in recruitment sector like yesterday Hired raised $30 million in its Series C round, Jobbio secured $5.6 million. The Muse, recruitment service for millennials was also funded with $16 million. Also Vettery raised $9 million, Job and talent, Spain based-startup grabbed $42 million and Handshake, a company which helps college students search for jobs and internships raised $10.5 million.
With more and more startups emerging in job recruitment service, do you think the job availability problem could be solved? Do share your thoughts in our comment section below.
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