Deals

Startup gets $5M to boost employment in the developing world using phones

developing world

Mobile recruitment startup Assured Labor has just raised $5.5 million to help spread its message of employment opportunities via cell phone communication throughout the world.

The startup, which got its start at MIT’s MediaLab, focuses on helping people find jobs (and helping recruiters fill vacancies) in emerging markets through the power of simple mobile interfaces. The platform is optimized for low-grade hardware, shoddy networks, slow mobile browsers, and other conditions impacting mobile communications in these areas.

Currently, the company claims 400,000 job-seekers — around two thirds of whom lack a home Internet connection — and 12,000 employers around the world.

Today’s funding was led by Capital Indigo with participation from existing investors Great Oaks Venture Capital, Nexus Venture Partners, Kima Ventures, Enzyme Venture Capital, and others.

Capital Indigo is based in Mexico City; this partnership makes sense, given Assured Labor’s focus on Latin American communities.

Assured Labor raised a $1 million round from angel and seed investors back in 2010. Today’s announced cash infusion is the startup’s first institutional round.

Image credit: 1000 Words/Shutterstock