Spain-based temporary employee recruitment portal Jobandtalent has increased its series C round to $203m with a €88m ($108m) extension backed by employment marketplace operator Seek, TechCrunch has reported.
Private equity firm InfraVia’s Growth Tech Fund put up $36.8m to lead the extension, investing alongside Atomico, DN Capital and Kibo Ventures. It valued Jobandtalent in the nine-figure euro range (€100m = $123m), TechCrunch said.
Seek also contributed to the round’s first close in November 2019 alongside DN Capital, Schroeder & Co, Quadrille Capital, Atomico and FJLabs, according to La Informacion.
Jobandtalent runs an on-demand marketplace where enterprises can hire contractors to fulfil duties on a temporary basis. It operates in seven markets across Europe and Latin America.
The platform includes features to help clients onboard temporary staff, including scheduling calendars, digital contracts and payroll management software.
The series C cash will enable will be used to boost the company’s presence in existing and new markets. Its clients mainly come from the logistics, distribution and transport sectors.
Atomico led a $42m series B round for Jobandtalent in 2016 that included FJ Labs and private investors Adeyemi Ajao and Steve Goodman.
Jobandtalent had previously closed a $39m series A round in 2015 featuring Qualitas Equity Partners, Kibo Ventures, Fundación José Manuel Entrecanales and individual investors Pelayo Cortina Koplowitz and Nicolás Luca de Tena.
Kibo Ventures and angel investors Félix Ruiz and Alfonso Villanueva had already supplied $3.3m in seed funding for the company two years earlier.