Job site Qapa.fr raises money for mobile presence
23 Jan 2017
The short-term jobs site Qapa in France raised €11 million ($11.8 million U.S.) from Index Ventures Fund and its shareholders Partech Ventures and 360 Capital Partners. It intends to use the funds to expand its presence in France’s interim-jobs market by way of a mobile focus.
Currently employing a staff of 25, Qapa plans to employ 100 people by the end of the year.
Qapa accentuates that it is a Big Data company with a strong matching algorithm. Candidates don’t have to fill out any forms when applying, since the site automatically collects and fills in the information.
It also automatically generates employment contracts, and pays the candidate. These services are free for job seekers, but companies are charged a commission, usually 15 percent of the new hire’s gross salary. The site also carries advertisements.
Launched in 2011 with an initial investment of €1.7 million, Qapa calls itself “the job site for the entire nation”.
Qapa specializes in various vacancies, but leans towards those with limited-term contracts. The interim-jobs market in France is estimated to be valued at around €24 billion per year. Qapa aims to gain about 3 percent of this market, and to make an annual turnover of €500,000.
The site has 450,000 listings and 1.1 million total visitors per month, according to SimilarWeb.