It’s a new year, and that means – more news! I hope you had a great holiday season (and actually took some time off, too). What will 2020 bring for the job board and recruitment marketing industry? Well, let’s see what’s happened thus far:
- Fresh Chalk lands cash: Fresh Chalk just landed a $2 million seed round. The Seattle startup debuted earlier this year with its service that helps users find local professionals by tapping into the knowledge of their friends.The site allows users to create profiles and search through service providers to see which have been recommended by their friends. Hmm, now who would I refer?
- Neuvoo is no more: Job aggregator Neuvoo, the notoriously hard to pronounce brand has acquired the talent.com domain and will rebrand as first reported by the Chad&Cheese podcast. Smart or not? Only time will tell.
- Figaro acquires Golden Bees: Figaro Classifieds, a subsidiary of leading French digital group Groupe Figaro, has acquired a majority stake in Golden Bees, a French recruitment startup.
Golden Bees, which launched in 2015, automates the distribution of job postings and recruitment campaigns across search engines, social networks and aggregators. Figaro Classifieds owns several leading French recruitment sites, including Cadremploi and KelJob. Golden!
- UberWorks is coming: Uber launched its Uber Works industrial staffing app in Miami, the human cloud firm announced. The move comes after the formal announcement of Uber Works in Chicago, the first city with the service. Employers post a job, then Uber Works dispatches a pre-qualified worker. The app also has a two-way rating system for employers and workers. Hmm.
- LinkedIn Chief People Officer leaves: LinkedIn’s senior executive in charge of human resources has resigned after breaking “compliance” rules, according to people familiar with the matter.Christina Hall left the Microsoft-owned company because of an internal “compliance” issue, the people said, asking not to be identified because the details aren’t public. Hall, who had been at LinkedIn for six years, led the company’s human resources team, and oversaw hiring and benefit programs at the company. Hmm.
- Fulcrum gets funding: La Jolla, Calif.-based Fulcrum, a job-placement company for technical projects, has raised $1 million in a seed round of funding, led by local technology investment firm Greatscale Ventures with participation from several private co-investors, the company said. The company has what it calls a fully compliant service for hiring freelancers onto technical projects that had previously only been the purview of full-time staffers — or work that would have been outsourced to pricey consulting firms.
- Otta gets cash for matching: Otta, one of the latest startups aiming to fix what it sees as a broken job search and recruitment market, has picked up £850,000 in seed funding. Funders include Paul Forster (co-founder of Indeed), Shakil Khan (an early investor in Spotify), Matt Robinson (co-founder of Nested and GoCardless), Duncan Jennings (founder of VoucherCodes) and Carlos Gonzalez-Cadenas (COO at GoCardless). The startup offers job seekers an initial online quiz, followed by a UI that shows them one potentially suitable job at a time, with a matching algorithm claiming to get more personalised as you provide feedback. Have we seen this before?
- MeetFrank gets cash for matching: Deja vu all over again. MeetFrank, the new-age global recruitment platform, has raised €1.5 million, led by Karma.vc, ENERN, Change Ventures, and Hummingbird. Headquartered in Tallinn with an office in Helsinki, the startup has developed a recruitment platform that is part machine learning, part chatbot. I guess we have seen this before.
- Jobsquare focused on expansion: Ahmedabad-based online recruitment platform JobSquare, on Thursday (December 19), announced INR 1 Cr funding from Titan Capital — a venture by Snapdeal’s cofounders Kunal Bahl and Rohit Bansal. Founded in April 2019, JobSquare is a technology-based recruitment platform that connects recruiters and candidates in real-time. With the recently raised funds, JobSquare plans to strengthen its position in existing markets.
- Jumpstart lands cash for diversity: Jumpstart, which provides a way for organizations to tap into a wider pool of candidates, who themselves have been more carefully ordered by way of Jumpstart’s algorithms, has recently raised $8.5 million. the process starts in part by working with big companies, who are given access to the pool of candidates on its platform — that pool currently numbers 100,000 users. Those candidates themselves have been screened in advance with a set of questions that help place them into more ordered categories based on what they are looking for in a job experience, and what they are qualified to do (based on what they studied). Interesting.
Too much news? Not enough? Well, doesn’t matter – we’re done for this time around! See you in a few weeks.[Want to get Job Board Doctor posts via email? Subscribe here.].