We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today!


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.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn more about membership.

Author
Topics