Jobandtalent Raises $108M to Fuel Global Expansion
Madrid-based Jobandtalent, a digital staffing platform specializing in temporary workforce solutions, has secured an additional €88 million (~$108 million) in its Series C funding round. This brings the total raised in this round to €166 million, with cumulative funding exceeding $290 million since its founding in 2009.
Key Highlights:
- Market Reach: Operates in 7 countries (Spain, UK, Germany, France, Sweden, Mexico, Colombia).
- User Base: Connects 80,000+ workers with 750+ employers, including major brands like Ocado, Santander, and Carrefour.
- Revenue Growth: Achieved €500 million in revenue and positive EBITDA.
Addressing the Growing Demand for Flexible Labor
Jobandtalent’s platform bridges the gap between employers needing temporary labor and workers seeking gig opportunities, primarily in logistics, warehousing, and transport. The company competes with traditional staffing giants like Adecco and Randstad, while differentiating itself through technology-driven efficiency.
Pandemic-Driven Growth
Co-founder Juan Urdiales notes that COVID-19 accelerated adoption of digital staffing solutions:
“The pandemic has helped us with both workers and employers in terms of platform adoption. We’ve seen more tech transformation in nine months than in the past five years.”
Funding and Expansion Plans
The latest investment, led by French private equity firm InfraVia, will fuel:
- Geographic expansion into new European and LatAm markets.
- Strengthening existing operations, particularly in Spain and the UK.
Existing investors, including Atomico, Seek, and DN Capital, also participated in the round.
Worker Benefits and Platform Advantages
Unlike typical gig platforms, Jobandtalent emphasizes worker rights and stability:
- Benefits: Health insurance, advance payroll, and training programs.
- Mobile-first approach: Workers can find gigs, apply via video interviews, and manage contracts—all in one app.
Algorithmic Workforce Management
The platform uses a proprietary Worker Quality Score (WQS) to match temps with jobs. Metrics include:
- Attrition and absenteeism rates.
- Productivity benchmarks.
However, algorithmic scoring raises questions about worker transparency and GDPR compliance, especially in Europe where labor and data rights are strictly regulated.
The Future of Temporary Work
Jobandtalent sees long-term potential in the temp labor market, which it estimates at 500 million workers globally. While an IPO isn’t imminent, Urdiales hints at staying private longer to focus on growth.
Industry Trends
- Legal shifts: European courts are scrutinizing gig platforms over worker classification (e.g., Uber, Deliveroo).
- Regulatory changes: The EU is considering stricter rules for algorithmic management in the workplace.
Conclusion
Jobandtalent’s latest funding underscores the rising demand for flexible, tech-enabled staffing solutions. By blending scalability with worker benefits, the company aims to redefine temporary employment—one gig at a time.
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