JobAndTalent, a Spanish digital temporary staffing service, has raised €183 million ($219 million U.S.) in funding. SoftBank’s Vision Fund made an equity investment of €100 million and BlackRock added €83 million in debt. These funds follow an €88 million ($107.4 million U.S.) Series C top-up announced in January 2021.

Profile photo of Juan Urdiales

Juan Urdiales (Photo: LinkedIn)

Covid-19 decimated many Spanish industries, particularly tourism and hospitality, while boosting demand in sectors like transport and logistics. This has created an opportunity for JobAndTalent, which uses an algorithm to match candidates to jobs, then handles contracts, scheduling and payroll. It has employed more than 80,000 workers and serves over 800 companies including multinationals like EBay and logistics firms XPO and Ceva.

According to the Financial Times, JobAndTalent reach €500 million in annualized billings in 2020, and is profitable on the basis of pre-EBITDA earnings. It operates in Spain, the United Kingdom, Germany, Sweden, France, Mexico, Colombia, and Portugal. The new funds will be used to launch in the United States.

Announcing the investment, co-founder and co-CEO Juan Urdiales wrote on LinkedIn: “We have more responsibility than ever to make our vision a reality, helping workers improve their job security by matching them constantly with jobs that really suit them”, helping at the same time to the employers to have a more engaged workforce.”

Print Friendly, PDF & Email

Related Articles