Jobandtalent, a recruitment site designed to better match jobhunters with jobs, just raised $14 million in Series A funding.
The site uses linguistic analysis to help job seekers find job opportunities they wouldn’t normally be presented with. The Jobandtalent algorithm evaluates job ads and résumés to find good matches.
The big idea here is to provide employers with a greater pool of qualified candidates. Jobandtalent currently processes over 300,000 applications a month, it says.
As you can imagine, accuracy is everything with a platform like this. According to TechCrunch, the startup reports 60 percent accuracy in matching people with jobs overall, and 75 percent accuracy in some industries, such as tech and finance.
The new funding round will be used to help the startup increase brand awareness across more of Europe, the U.S., and Latin America. The company previously took $3.3 million in funding about a year ago from Kibo Ventures, Félix Ruiz, and Alfonso Villanueva.
Jobandtalent expanded to the U.S. in the first quarter of this year and the response has been positive so far, the company says. Since its initial seed round, the company has released iOS and Android apps and expanded its internal team.
The company was founded in 2009 and is currently run by co-founders and co-CEOs Felipe Navio and Juan Urdiales.
Qualitas Equity Partners led the current round, along with previous investor Kibo Ventures, FJME Ventures, and angel investors Pelayo Cortina Koplowitz and Nicolas Luca de Tena.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more