Meanwhile, Jobandtalent a Madrid based AI driven “workforce as a service” jobs marketplace has successfully closed on €92 million. That’s more than $103 million in its most recent funding round! This investment comes at a critical time for the European job market. Ever since the onset of the Covid-19 pandemic, the real estate market has been rocked by dramatic economic shifts. The company’s latest round was led by notable investors Atomico, BlackRock, DN Capital, Hercules, Infravia, Kibo and Kinnevik. With this latest capital infusion, Jobandtalent’s post-money valuation is now €1.3 billion (or $1.5 billion).
Jobandtalent helps employers find and hire hourly workers. It’s implementation spans across ten European countries, the U.S., and Latin America. The platform has placed over 300,000 workers in roles at more than 3,250 companies, particularly focusing on sectors such as logistics and retail. Jobandtalent, EPAM just got some thrilling funding news! So they do all this as they continue to deal with a very hot labor market with all that stimulus and war recovery money and labor market chaos.
Jobandtalent had a huge year during the pandemic, raking in the effects of demand tsunami as traditional companies scrambled to find flexible staffing solutions. During this time of upheaval, the platform offered a necessary service, helping businesses quickly respond to their workforce changes. Through the use of these technologies, Jobandtalent has achieved industry-leading fill rates. They often fail to connect employers with potential employees, particularly at peak periods of demand.
The company has realized this opportunity and has made investments to allow them to continue to adapt by baking advanced AI capabilities directly into their business model. Juan Urdiales, the co-founder and CEO of Jobandtalent, said he is hopeful that the company is now on a positive growth trajectory.
“Thanks to the platform we have built over the past years, we are now well-positioned to evolve into a fully integrated employment platform that helps companies manage their temporary and internal workforces more efficiently. Our next-generation AI agents will bring major improvements in productivity, provide better opportunities for workers, and unlock crucial cost savings for companies.” – Juan Urdiales
This change represents a sea change in the landscape of how staffing agencies will be able to do business in the future. AI technology underlies how Jobandtalent runs its platform, helping improve the quality and speed of service. This new approach opens up a more productive path forward for both employers and workers. AI agents are projected to accelerate many aspects of the recruiting process that have long been the domain of human recruiters.
Companies are facing a shrinking labor pool and increasing costs to run their operations. As a consequence, services like Jobandtalent are gaining increased attention for their efficiency in driving high quality results. The company’s stretch goals for fill rate are equivalent to the productivity of several thousand legacy recruiters at the same time. This strategy has set it apart in a crowded, highly competitive marketplace.
While the outlook is positive at least for Jobandtalent, the European labor market overall is still a bit of a wild card. Now more than ever, companies are challenged to innovate and change in this new normal, shaped by economic uncertainties due in part to the ongoing recovery from the pandemic. Jobandtalent seems to be tackling these pain points directly with its revolutionary platform and shrewd emphasis on using technology to drive efficiencies.
Jobandtalent’s ambitions go far beyond just placing people in open jobs—they’re about helping companies navigate the complexities of managing a workforce better. They work to strike the right balance between companies that want flexibility and workers who need stable, predictable job opportunities. This policy wins on both sides of the workforce.
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