Jobbatical.com, a marketplace for medium-term tech jobs combining life-changing experiences, raised $1 million U.S. from Australia-based AirTree Ventures.

jobbaticalAirTree’s capital injection will help Jobbatical break into the Asia Pacific region.

According to AirTree Ventures partner John Henderson, the region is crying out for more talented, software developers, designers and growth hackers, and Jobbatical can help to solve this problem. This is why his company decided to invest in Jobbatical, he said in a report for StartupSmart (here).

Jobbatical was launched in Tallinn, capital of Estonia, by two siblings Karoli and Ronald Hindriks as well as Allan Mäeots in March 2014. The idea behind the site is to aggregate job opportunities with lifespans of not shorter than 12 months, and which involve working with new teams, and in new places around the world.

Here’s how the founders explain the typical “jobbatical”: “(It) lets you switch environments, but keep doing what you do best, for a project that really excites you. (It) recharges your batteries, expands your world view, and brings new ideas, without you having to dip into your life savings.”

According to StartupSmart, the site has gained more than 60,000 members keen to relocate and start new work-life adventures since its start.

Jobbatical’s business model entails registered companies paying an upfront fee of two percent of the annual salaries linked to jobs. In addition, the start-up offers visa and relocation services to job seekers.

The current round of investment is the third one. In March 2016, the company raised a seed round of €1.9 million ($2 million U.S.) led by Union Square Ventures and Local Globe with participation from SmartCap. Before that, the team attracted around €870,000 ($922,000 U.S.) in two rounds from angel investors.

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