Jobbio, the career marketplace and solution to the traditional methods of hiring, has raised €5 million in Series A Funding to accelerate its already substantial international growth.
The company, which has bases in Dublin, London and New York, is growing rapidly internationally and will extend to Canada in late September. It will use the investment to accelerate its growth in these regions and deliver an enhanced approach to finding talent and job opportunities that represents the reality of how people are employed in the modern environment.
Over 3,000 companies are now active on the Jobbio marketplace which is adding over 100,000 new talented people per month, making 500,000 applications per month. Companies that use Jobbio to find candidates include; Stripe, Etsy Ryanair, ebay, Uber, Airbnb, Shazam, Onefinestay, Intel and Paypal, making Jobbio the “go to place” for finding the right Talent.
Jobbio plan to double their workforce in the next 12 months across their UK and US divisions while also expanding into Canada with a presence in Toronto and beyond.
Speaking on the investment Jobbio cofounder and CEO Stephen Quinn said their platform is fundamentally different to existing traditional online hiring solutions, “We are not a jobs board, we are not a recruiter, we are not a professional social network – nor do we aspire to be. We are a careers marketplace that makes it easy to discover companies and apply for job opportunities.”
NJF Capital, who saw one of their portfolio companies Dollar Shave Club acquired by Unilever for $1billion over the summer, lead the round, with participation from Balderton Capital founder Barry Maloney, the Smurfit family of the Smurfit-Kappa group and Chairman of the Grafton Group Michael Chadwick.
Nicole Junkermann founder and partner at NJF Capital said, “We invest in internationally scalable tech companies; It’s our business. Jobbio is now one of these. We are impressed, in equal measure, by the Jobbio platform that connects talent with employers in a fresh way and with the talented management team running the business. We look forward to helping the team further scale their international expansion in the UK, US and Europe.”
Barry Moloney of Balderton Capital also said, “Jobbio is a fast growing business solving a problem that every company faces; hiring the right talent cost effectively and fast. This is a team with global ambitions that is already experiencing rapid growth internationally”