Spain-based online recruitment marketplace Cornerjob has raised $25m in a series B round that included $5m from media company Azteca’s advertising-for-equity fund, TechCrunch reported yesterday.
Venture capital firm Northzone led the $20m financial tranche, investing together with E.ventures and undisclosed existing backers.
Cornerjob operates a job listings platform focused on the service industry. Users can access businesses close to them and get a yes or no answer within 24 hours of applying for part-time or full-time jobs through the service.
The company has one million monthly active users across Spain, France, Italy and Mexico and has signed up some 50,000 employers since it launched in September 2015.
Mexico-based Azteca owns two television stations and operates a third, and will use its resources to help Cornerjob expand in the country. Cornerjob already has ad-for-equity agreements in place with media companies including Italy-based Mediaset.
The series B capital will otherwise be used to support growth in existing markets, and Cornerjob is considering a launch in one more major European country in 2016, co-CEO Miguel Vicente told TechCrunch.
Cornerjob previously secured $10m in a March 2016 series A round. It has ad-for-equity deals in place with Mediaset’s Mediaset Italy and Mediaset España subsidiaries, the latter through its Ad4Ventures unit, and France-based media firm TF1 Group.
Other investors include Media Digital Ventures, an advertising-focused VC firm with several media corporates as limited partners; Caixa Capital Risc and Sabadell Venture Capital, respective subsidiaries of financial services firms La Caixa and Banc Sabadell; Cube Investments, Ithaca Investments, Bonsai Venture Capital and Samaipata Ventures.