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Jobbird flops, Jobindex is up, and money showers down: news of the job board industry

JobindexIt’s the end of 2018 – so are things slowing down? Well, not exactly. Money continues to be raised, a site goes down, and some other sites are expanding. Let’s take a look:

  • Jobindex revenue upDanish job board Jobindex reported net sales for the third quarter of DKK 71.7 million (€9.6 million), an increase of 5.7% compared to last year. Jobindex’s recruitment products generated sales of DKK 6.2 million (€0.8 million) in the third quarter, up by 8.7%. Jobindex’s core job board, Jobbsafari generated sales of 2.5 million (€0.3 million), down 7.4% from last year. Sometimes you win, sometimes you lose.
  • NetJobs revenue downSwedish job board NetJobs reported revenue for the second quarter ending 30 June 2018 of SEK 9.2 million (€0.8 million), a decrease of 7% compared with the same period last year. During the months of May and June, Netjob’s Group launched a new design on all of its job sites in Sweden and Germany. The new layout also included the subsidiary Onrec’s sites.  Hmm.
  • Jobbird goes belly upA court in the Netherlands says that Jobbird, which called itself the largest job board in the country, has gone bankrupt. This was news to both the public and employees.  The news came after founder Jan-Peter Cruiming had announced at the beginning of 2018 year that the company was going to expand in Europe, Asia and America. The job board earned between 1 and 2 million Euros in 2017, but could not control its costs. So there you go.
  • ZenJob raises money Zenjob just announced that it has raised €15 million in a Series B financing round led by AXA Venture Partners. The on-demand staffing platform staffs companies in several different fields – including logistics, hotels, events, and retail – with students looking for jobs in several cities across Germany. I’m expecting to hear more.
  • Workable raises big moneyGreek-American company Workable, which is building a recruiting automation platform used by an ever-increasing number of SMBs worldwide, has raised a new round of $50 million. The financing round, which brings the Athens-born company’s total funding raised to $84 million, was led by London-based private equity firm Zouk Capital.  The scale-up, currently headquartered in Boston, is in the process of rolling out new AI technology to automate the screening and evaluation process. Very impressive.
  • Hosco raises money, targets U.S. Hosco, an online hospitality network and recruitment specialist, has closed a €5.4 million funding round.  The Barcelona-based site was founded in 2011 to act as a network for employers, professionals and education institutions from the hospitality industry. Hosco says it plans to use the funding to accelerate growth including expansion in the Americas in the first half of next year. It currently has offices in Barcelona, Dubai and Geneva. US hospitality sites, watch out!
  • Google does stuff: Google for jobs is rolling out in Japan, although it is doing so via a collaboration with ATS vendor HR Solutions. In other Google news, Hire by Google’s ‘candidate discovery tool’ has exited beta, and is now available to all G Suite customers currently using Hire. The tool surfaces appropriate candidates for new gigs at a company, along with a veritable suite of AI-powered calendar scheduling, resume review, and phone call tools. We saw this coming, right?
  • Wizbii raises cash Grenoble-based Wizbii – a networking platform for students and graduates to facilitate employment and entrepreneurship – has just completed its fifth funding round of €10 million from the Franco-German ODDO BHF fund, along with previous investors. The site – which has more than 2000 clients – will also launch services in other areas such as health, insurance, housing, mobility, and transport. Our industry loves grads.
  • AstrumU wants gradsSpeaking of sites targeting graduates, Seattle-area startup AstrumU raised $700,000.  AstrumU previously raised $3 million earlier this year from investors including Bellevue, Wash-based Ignition Partners and San Francisco-based Correlation Ventures.  The startup uses machine learning and predictive analytics to help students find impactful careers. As I was saying…

Yep, just another 30 days in the recruitment marketing biz! Hope you have a great holiday season – more news next year!

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