Spain-based Jobandtalent announced a Series C round of USD $108 million for what it calls a workforce-as-a-service platform. Essentially it’s a job board marketplace connecting temporary/contract workers to jobs. They operate as a virtual temp staffing firm, handling everything including paying the worker. It’s not clear how much of the work on the platform is true temporary employment, versus “gig work.” They do message heavily to “job security” on their website, which is fundamentally not what comes with temporary employment. As they raise more capital and drive more sales and competition with both job boards and traditional temporary staffing firms, they may see this as a path to differentiation with candidates. But, temporary employment is still, well… temporary.
This deal equates to nearly all of the job board marketplace investments we saw globally in Q4 2020. Check out the 2020 Global HR Tech VC Lookback for full analysis.
This round of capital puts their total raised to approximately USD $290 million. Their B round was in 2019 for USD $77.8 million.