8 January 2021
InfraVia Growth announces the acquisition of a stake in Jobandtalent, leading euro- pean workforce marketplace
In order to maintain and accelerate the quick technological and commercial development of the company, InfraVia Growth brings €30m as lead investor of a €88m round, alongside historical investors such as Atomico, Seek, DN Capital and Kibo Ventures.
It is the first investment of InfraVia Growth, 1 year after the launch of this strategy and 6 months after its first closing.
Jobandtalent has been growing very fast since 2013 and will continue to develop its product offering and its international expansion, in particular in France, the UK and Germany, where InfraVia is able to open the doors of many large corporates. The company currently employs more than 600 employees through several hubs notably London, Madrid, Berlin, Paris, Barcelona, Stockholm, Mexico City and Bogota.
It is the largest fundraising in Europe in the field of digital transformation of the labour market in 2020. The disruptive business model implemented by Jobandtalent enables to automate un large number of administrative tasks to streamline all the traditional temping agency processes, lowering the costs and increasing the number of job offers.
With over 80,000 full-time temporary workers, Jobandtalent doubles in size every 12 months, demonstrating the relevance of its model both for employers and for temp workers, who appreciate its effectiveness, ease of use and its deployment through a mobile application.
Making temporary work a fulfilling professional step is at the heart of Jobandtalent’s approach. Not only does the company define career plans for its temporary workers – allowing them to progress towards permanent and rewarding positions – but it also provides them with numerous perks and benefits, which are usually only offered to permanent employees of large companies.
Guillaume Santamaria, Partner at InfraVia declares:
“Our investment in Jobandtalent is a perfect illustration of the strategy of the fund to invest in established start-ups and help them become European leaders in their market by providing capital as well as operational support to grow and scale. We are extremely glad to have the opportunity to partner with such a great company and team that is transforming a whole industry”.
Juan Urdiales, Co-founder and CEO of Jobandtalent declares:
“Covid has accelerated the transformation of many industries. We have seen more adoption of new technologies in the last 9 months than in the last 5 years. The staffing market is experiencing a huge transformation that will be accelerated in the upcoming years, moving from brick and mortar traditional structures to data driven platforms that will improve the experience of both workers and employers. We believe that this funding round will help us to increase our growth and we will take this opportunity to strengthen our privileged position as global leader of this new category. We’re pleased to welcome InfraVia Growth on board who shares our goal and will play a fundamental part in accelerating our growth strategy.”
Vincent LEVITA Founder and CEO
+33 (0)1 40 68 17 38
Guillaume SANTAMARIA Partner
+33 (0)1 40 68 12 88
+33 (0)6 33 05 48 50