Job.com, a tech-powered recruitment platform, announced it had secured an undisclosed capital injection from Serengeti Asset Management and Ghost Tree Partners. 

The company plans to use the investment to develop Job.com’s technology and fund further acquisitions in the recruitment and staffing industry, according to the funding announcement.

The financing builds on previous funding rounds from Serengeti as well as SOJA Ventures. The earlier rounds supported a June 2022 acquisition of Princeton One, a company focused on white-collar recruitment in the pharmaceuticals, biotechnology, manufacturing, retail, wholesale, and supply-chain industries.

Over the last two years, Job.com has also acquired staffing companies Fortus Healthcare Resources, Endevis and QCI Healthcare

Job.com, a passive recruitment platform, says it uses proprietary technology to streamline the staffing process. It aims to acquire staffing firms, make them more efficient through the application of its technology and then undercut competitors with a cheaper cost per hire.  

Job.com takes applicant responses and processes them with a software system called Always On Recruiter (AOR). This AI-based system uses a unique machine learning algorithm.

 

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