SoftBank Vision Fund 2 has returned to back the temporary staffing service’s latest round, with the funding secured at a $2.35bn valuation.
Spain-based temporary job portal operator Jobandtalent has raised $500m in series E equity funding from investors including telecommunications and internet group SoftBank’s Vision Fund 2. Investment firm Kinnevik led the round, which also featured Atomico, DN Capital, Infravia, Kibo Ventures and Quadrille Capital. It was supported by an additional $75m in debt financing from asset manager Blackrock, and valued Jobandtalent at $2.35bn. Founded in 2009, Jobandtalent runs an online staffing platform that helps temporary employment seekers find prospective job opportunities in industries such as logistics, e-commerce and manufacturing. The platform has some 10 million registered jobseekers and 150,000 businesses from nine markets across Europe and the Americas. The funding will be used to expand the company’s business in countries including the United States and increase the size of its executive, technology and sales teams in the next two years. Jobandtalent had previously secured about $369m. SoftBank Vision Fund 2 had already taken part in a $119m series D round in March this year, which additionally involved BlackRock supplying $98.8m in debt financing. InfraVia’s Growth Tech Fund led a $108m extension in December 2020 that helped lift Jobandtalent’s series C round to $203m. Recruitment marketplace Seek, Atomico, DN Capital and Kibo Ventures filled out the participants in that tranche. Seek, DN Capital and Atomico had already backed the round’s initial close in late 2019, investing alongside Schroeder & Co, Quadrille Capital and FJLabs. Atomico had led the company’s $42m series B round, three years before, which included FJ Labs, Adeyemi Ajao and Steve Goodman. Jobandtalent had completed its $39m series A round, which was backed by Qualitas Equity Partners, Kibo Ventures, Fundación José Manuel Entrecanales, Pelayo Cortina Koplowitz and Nicolás Luca de Tena, in 2015. Its earliest funding was a $3.3m seed round featuring Kibo Ventures, Félix Ruiz and Alfonso Villanueva in 2013.