Despite my (somewhat sarcastic) comments last week, there are in fact a ton of things happening right now in the job board and recruiting site industry. Money is still dropping into our sector, startups are still starting up, and companies are being bought and sold. So without further ado, let’s get down to the news!:
- Qapa raises some cash: French employment website Qapa has just raised €11 million. The funding comes from Index Ventures and previous investors Partech Ventures and 360 Capital Partners. Between 8 and 12,000 people find a job or an internship on Qapa every month. FYI, the French job board market seems to be very active right now….
- Brigad also raises some cash: French startup Brigad, a service for that links job candidates with companies for short-term assignments, raised another €2.2 million. The investment comes from previous investors, including the accelerator 50 Partners and Square Capital. What did I say? Wait, wait….
- Welcome To The Jungle raises some cash, too!: The French employment website Welcome to the Jungle raised €2 million euros from four anonymous business angels. The startup, founded in 2015, sends editors and a production team to their clients, with the goal of creating a valuable profile for companies on the site. Sounds more than a little bit like TheMuse.
- Comparably goes after Glassdoor: Armed with a fresh $7.25 million in financing, Jason Nazar, the Los Angeles-based co-founder and chief executive of Comparably, is looking to bring what he bills as a mobile-first solution to the issue of transparency and equity in the workplace. Comparably will rate things like the corporate culture and as users build out a profile for their ideal job, the Comparably platform maps that to the profiles from corporations that are managing their own sites. Matching meets ratings. We’ll see.
- SmartRecruiters buys Jobspotting: SmartRecruiters, the lightweight ATS and recruitment marketing platform, has acquired Berlin-based HR startup Jobspotting. Financial details of the deal have not been disclosed. Active in 10 countries, Jobspotting is a recommendation engine driven by big data and artificial intelligence. Smart acquisition.
- WayUp buys LookSharp: WayUp, which focuses on college students and recent grads, has bought the similarly themed LookSharp. WayUp isn’t disclosing the financial terms of the deal. Looksharp had raised more than $10 million in funding from investors, including 500 Startups, Artis Ventures, Kapor Capital and Subtraction Capital. WayUp, meanwhile, has raised nearly $9 million. Interesting.
- DHI releases 4th quarter, 2016 results: DHI reported Q4 2016 total revenues of $54.9 million, net income $5.5 million, diluted EPS $0.11 and Adjusted EBITDA $13.9 million. Open Web is now reaching 24% penetration of Dice recruitment package customers. ClearanceJobs grew by 20%, and Dice Europe revenue declined 9% year-over-year in Q4 primarily due to their exit from Benelux. Energy revenue declined 52% year-over-year. A mixed picture.
- eQuest sees big mobile growth: eQuest, the U.S.-based job distribution service, saw a 63% overall growth in candidate mobile responses on the 500 career sites it monitored in 2016. Naukri was number 1, with a 122% increase in mobile response. Impressive.
- Jobaline raises $3.5M: Jobaline has secured $3.5 million in new funding to expand its bilingual marketplace for hourly jobs and grow its Kirkland, Wash. team. The platform is designed to help employers find qualified hourly workers for roles like dishwashing, landscaping, and construction. Candidates can enter information over the phone or via text message and the data is presented to employers in a web interface. More gig, all the time.
- Recruit rolls out the numbers: Recruit Holdings Co. Ltd., the world’s fifth-largest staffing provider, reported net sales rose 14.2% in the nine months ended Dec. 31 when compared to the same period last year. The company’s fiscal year ends in March. In the HR Media section (which includes Indeed), they reported an increase of 14.6% increase, to $2.4 billion. Big numbers!
Well..that’s enough for this time. As you can tell, deals are being made and money is being invested. This industry is never boring![Want to get Job Board Doctor posts via email? Subscribe here.].