Internet group SoftBank’s Vision Fund 2 provided €100m ($119m) for Jobandtalent, the Spain-based operator of a temporary employee recruitment platform, yesterday as a part of its series D round.
Jobandtalent operates an online marketplace platform that matches temporary jobseekers with businesses hiring in sectors such as logistics, e-commerce and manufacturing.
The company employs the workers on behalf of its customers and manages administrative tasks such as payroll, timesheets and compliance.
The equity funding was raised alongside $98.8m in debt financing from investment management firm BlackRock. It will support Jobandtalent’s expansion into new markets including the United States and enable the company to consolidate its position in its existing target markets.
Jobandtalent has raised approximately $369m of funding since it was founded in 2009. In December 2020, private equity firm InfraVia’s Growth Tech Fund led a $108m extension that increased the company’s series C round to $203m.
Growth Tech Fund invested $36.8m through the extension and was joined by employment marketplace operator Seek, Atomico, DN Capital and Kibo Ventures. The round’s late 2019 first close included Seek, DN Capital, Schroeder & Co, Quadrille Capital, Atomico and FJLabs.
Jobandtalent had pulled in $42m through a 2016 series B round led by Atomico that also featured FJ Labs, Adeyemi Ajao and Steve Goodman.
The company closed its series A round at $39m the previous year, with investments from Qualitas Equity Partners, Kibo Ventures, Fundación José Manuel Entrecanales, Pelayo Cortina Koplowitz and Nicolás Luca de Tena. It followed $3.3m of seed funding from Kibo Ventures, Félix Ruiz and Alfonso Villanueva in 2013.