• Job&Talent

  Participated · Series A · May 2015

  Jobandtalent operates an AI-enabled marketplace that matches hourly and temporary workers with employers across sectors such as logistics and retail. The company says it has placed more than 300,000 workers at over 3,250 companies and runs operations in 10 countries across Europe, the U.S., and Latin America. Its core product combines a marketplace with AI tools to improve matching and fill rates for short-term roles. Jobandtalent is leaning into AI by building a suite of agents to automate recruiting and other functions, starting with Clara, a recruitment agent tested with clients. Management plans to use new capital to scale internationally and to roll out additional AI-powered agents this year. The company faces macro headwinds in a softer Eurozone labor market and uncertainty about AI's net impact on human jobs, which informs its current strategy and fundraising posture. Jobandtalent is a digital temporary-work (ETT) platform that began as a job board and pivoted to matching candidates and employers through its technology. The company pursued rapid international expansion, acquiring roughly a dozen to fifteen competitors and making the US its third-largest market by revenue. It reported revenues of €1,900 million in 2022 (up from €360 million in 2020) and closed 2022 with a positive EBITDA of €19.5 million after a negative first half. Jobandtalent invested more than €450 million in the two years prior to 2023 to support expansion and product development. Its financing strategy has shifted from venture debt (2017–2020) to growth debt (2021–2024) and the company says it plans to move to more traditional financing with more favorable terms. Jobandtalent operates a temporary job platform that matches people with work across multiple countries. The company was co-founded in 2009 by Felipe Navio and Juan Urdailes and is based in Madrid, Spain. In 2021 it placed over 200,000 people into roles at more than 2,000 companies across nine countries in Europe, Latin America and the USA. Jobandtalent received a $250M debt facility to strengthen its financial position. The company intends to use the funds to build out financial products for workers, including enabling daily payments and free early access to wages in most jurisdictions, and to support expansion into new markets. This financing follows a $500M Series E closed in December 2021 led by Kinnevik that valued the company at $2.4B post-money. Jobandtalent operates a workforce-as-a-service marketplace and digital temping agency that uses AI to match workers to casual labor gigs in manufacturing, warehousing, e-commerce and logistics. The company directly employs temps and provides an app to apply for roles, manage paperwork, sign contracts and receive pay, and offers benefits such as pensions, sick and holiday pay, health insurance and training. It runs in nine markets including Spain, the U.K., Germany, France, Sweden, Portugal, Mexico, Colombia and the U.S., and counts more than 1,300 client companies including DHL, FedEx, XPO, eBay and IKEA. Operating metrics cited include matching over 100,000 workers to roles in the first nine months of 2021, an average worker NPS of 56 (versus an industry average of 18), a 130% annual growth rate, EBITDA-positive since H2 2020, and an annual revenue run rate above €1 billion. The company says it offers greater stability for temps via an AI-aided pipeline of consistent work and by simplifying back-office functions for employers. Jobandtalent plans to use new funding to accelerate expansion—particularly in the U.S.—significantly grow its tech and sales teams over the next two years, and add key executive hires to scale operations. Jobandtalent operates a dual-sided marketplace that matches temps with employers across e-commerce, warehousing, logistics and manufacturing. Its platform uses learning algorithms to match workers with jobs and provides a CRM for employers with analytics to monitor workforce performance, plus payroll and administrative tools. The company also markets benefits to temps — including pensions, sick and holiday pay, health insurance in some markets and training — and aims to provide continuous employment through consecutive temp roles. Jobandtalent says more than 80,000 workers used its marketplace in the past year, its website lists 10M+ registered users, and over 850 companies including XPO, Ceva Logistics, eBay, Ocado, Sainsbury’s, Bayer and Santander have used the platform. Financially it reports growth from a €5M revenue run rate in 2016 to €500M in 2020, a positive EBITDA and year-on-year growth above 100%. Founded in 2009, the company is preparing to enter the U.S. market within a year and is also eyeing expansion into Italy and the Netherlands.

No current team members are available.