Madrid-Based Jobandtalent Raises $108M, Valued at $290M, and Acquires Lomastechcrunch
Jobandtalent, a Madrid-based startup that provides a job matching platform for both employers and job seekers, has recently raised $108 million in a funding round led by SoftBank’s Vision Fund 2. This brings the company’s valuation to $290 million. In addition to the funding, Jobandtalent has also acquired Lomastechcrunch, a Barcelona-based HR software company.
This latest funding round is a testament to the success of Jobandtalent’s business model. The company’s platform uses AI algorithms to match job seekers with suitable job opportunities, streamlining the recruitment process for employers and making it easier for job seekers to find employment. The platform also offers a range of HR services, including payroll management and compliance.
The Benefits of Jobandtalent’s Platform
Jobandtalent’s platform offers several benefits for both employers and job seekers. For employers, the platform streamlines the recruitment process by using AI algorithms to match job seekers with suitable job opportunities. This saves time and resources for employers, allowing them to focus on other aspects of their business.
For job seekers, the platform makes it easier to find employment by matching them with suitable job opportunities based on their skills and experience. The platform also offers a range of HR services, including payroll management and compliance, making it easier for job seekers to manage their employment.
The Importance of SoftBank’s Investment
SoftBank’s investment in Jobandtalent is significant for several reasons. Firstly, it provides the company with the financial resources it needs to expand its platform and reach new markets. Secondly, SoftBank’s investment is a vote of confidence in Jobandtalent’s business model and its potential for growth.
SoftBank’s Vision Fund 2 is known for making large investments in technology startups with high growth potential. Its investment in Jobandtalent is a clear indication that the company is seen as a promising player in the HR tech space.
The Acquisition of Lomastechcrunch
Jobandtalent’s acquisition of Lomastechcrunch is another significant development for the company. Lomastechcrunch is a Barcelona-based HR software company that provides a range of HR services, including payroll management and compliance.
The acquisition of Lomastechcrunch will allow Jobandtalent to expand its range of HR services and strengthen its position in the HR tech space. It will also provide the company with access to Lomastechcrunch’s customer base, allowing it to reach new markets and expand its user base.
The Future of Jobandtalent
With SoftBank’s investment and the acquisition of Lomastechcrunch, Jobandtalent is well-positioned for future growth. The company’s platform offers several benefits for both employers and job seekers, making it an attractive option for businesses looking to streamline their recruitment process and for job seekers looking for employment.
In the coming years, we can expect to see Jobandtalent continue to expand its platform and reach new markets. With the support of SoftBank and its growing user base, the company has the potential to become a major player in the HR tech space.
Conclusion
Jobandtalent’s recent funding round and acquisition of Lomastechcrunch are significant developments for the Madrid-based startup. With SoftBank’s investment and the acquisition of Lomastechcrunch, Jobandtalent is well-positioned for future growth and has the potential to become a major player in the HR tech space. Its platform offers several benefits for both employers and job seekers, making it an attractive option for businesses looking to streamline their recruitment process and for job seekers looking for employment.
