In Brazil, Seek joins Revelo’s latest financing round
20 Oct 2017
Brazilian jobs site Revelo, formerly known as Contratado.me, raised $4.6 million U.S. in its latest financing round led by Latin America’s focused venture capital fund Valor Capital. Australia’s jobs sites operator Seek also joined the financing round, according to TechCrunch.
Revelo claims to connect high-end, high-profile Brazilian job seekers with companies by putting candidates “at the very center of the job search”.
The former Contratado.me company first raised a seed round back in 2015 from Social Capital, Graph Ventures and angel investors.
As the Brazilian economy starts to improve, competition for high-quality candidates become more competitive, TechCrunch said.
“We use machine learning and adaptive technical tests to offer a curated talent pool of engaged talent to our more than 1,500 clients,” Revelo’s co-founder Lucas Mendes told TechCrunch.
Brazil is home to the world’s fifth largest recruitment market, according to data from the World Employment Confederation.
Brazil is also home to Latin America’s largest jobs classified marketplace. Seek’s Catho in Brazil is one of Latin America’s highest revenue-generating verticals. In FY2016 Catho reported revenue of $71.9 million U.S. (91.7 million AUD).
Revelo said the money from the new round will go toward sales and marketing and product development.