Job Today, a Luxembourg-registered online recruitment platform backed by several media companies, has received $16m in series B funding, in a tranche led by venture capital firm 14W.
Other existing investors in Job Today, including fellow VC firms Accel and Mangrove Partners, also contributed to the investment.
Founded in 2015, Job Today runs an online human resources platform that claims to have signed up more than 5 million candidates across Europe. It will use the funding to expand its presence in the UK, where it expects Brexit to have a positive effect on its business.
Eugene Mizin, Job Today’s CEO, explained: “The casual job market is often the first to experience the effects from macroeconomic forces and Brexit will mean that many non-skilled and non-British workers will leave the UK.
“This will create a demand to fill casual jobs and create new opportunities for the less-skilled school, college and university leavers entering the workforce for the first time in 2019.”
Accel and Mangrove also invested in the round’s initial $20m close in late 2016 alongside media companies Astremedia and Channel 4, advertising-for-equity fund German Media Pool VC, Flint Capital and Felix Capital.
Job Today had previously raised $10m in series A funding from Accel, Mangrove Partners and Felix Capital earlier the same year. Astremedia, German Media Pool and RTL Germany also supplied $35m worth of advertising in a March 2017 ad-for-equity deal.