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Two acquisitions and lotsa funding: news of the job board industry

two acquisitionsAlthough we continue to see lots of funding rounds in the job board and recruitment marketing industry, we’re also seeing some product and service introductions, and two acquisitions – including an interesting offering from Indeed. The landscape is never static! Let’s take a look:

  • LinkedIn Talent Hub adds featuresLinkedIn is integrating Talview’s Instahiring Experience platform with Talent Hub. Talview automates routine recruiting tasks, offers anytime interviewing and assessment capabilities, and captures and reuses data from across the hiring process. Talview’s not the only video-recruiting option available on Talent Hub. In December 2019, LinkedIn began offering video interviewing tools from Outmatch through the Talent Hub marketplace. Interesting!
  • SelectLeaders is acquiredBISNOW Media announced that it acquired SelectLeaders, a commercial real estate job board in the United States. The acquisition was an all-cash transaction. BISNOW is the largest commercial real estate digital media and live events platform in North America and the United Kingdom. Following the acquisition, SelectLeaders CEO and owner Susan Phillips will transition away from her day-to-day management responsibilities. Congrats to SelectLeaders!
  • En-Japan buys BrocanteJapanese recruitment firm En-Japan Inc. has acquired job site operator Brocante in a share exchange deal worth 600 million yen ($5.5 million U.S.). Brocante operates Freelance Start, one of the largest IT freelance recruitment platforms in Japan. Tokyo-headquartered En-Japan owns and operates a variety of recruitment marketplaces and job tools. The group also owns Vietnamese staffing firm Navigos Group, which operates recruitment marketplace Pretty major.
  • Maqqie raises fundsDutch recruitment startup Maqqie has recently secured €1 million from two new investors, bringing the total amount raised to €1.7 million. The company intends to use this funding to accelerate and expand its business.  The Maqqie app matches supply and demand on the labor market based on smart algorithms. Interesting.
  • YoungOnes grows fast: Also from the Netherlands: recruitment startup Youngones claimed to have achieved record year-on-year revenue growth, from 500,000 euros ($558,000 U.S.) in 2018 to 5.5 million euros ($6.1 million U.S.) in 2019. It is a matching platform for temporary jobs in the hospitality, retail, logistics and event industries. Last year, YoungOnes made 50,000 matches between clients and freelancers, according to the company. I’m impressed!
  • Indeed adds new features: Indeed has added a “skills test bundling” feature as well as the ability for job seekers to take and add skills assessment results to their profiles. The feature, which is free, is being rolled out in the U.S. With it, employers who post a position on Indeed can add tests that relate to the job. Also, a new feature, Indeed Job Market, offers job seekers free resources to help maneuver today’s career landscape from search to offer. The ‘experience’ includes resume and interview advice, and an online community to offer support and inspiration. Definitely not an aggregator anymore!
  • XpressJobs raises cash: Sri Lankan job marketplace XpressJobs has raised 100 million LKR ($550,000 U.S.) from location-based digital advertising company Emerging Media, which has acquired a 25% stake in the company. The startup’s model has proven successful — between 2018 and 2019, it saw revenue increase by 60% year-over-year. Congrats!
  • Gojob also raises cashThe French startup Gojob, which specializes in temporary work, has raised €11 million, from Alter equity, Banque des Territoires, Région Sud Investissement and Kois. This new funding means that the startup has raised €30 million in total so far. The startup will use this round of funding to develop relevant tools and services, such as the My Cash application, which allows temporary workers to be paid from the first day in one click. Impressive.
  • Codility raises funds for the first timeCodility, a platform that helps tech recruiters and hiring managers asses candidates through online coding tests, today announced that it has raised a $22 million Series A round. This marks the first time Codility  has raised any funding, after 10 years as a bootstrapped company. In total, the company says it had 1,500 customers in 2019 and helped them evaluate more than 450,000 candidates, a number the company says has grown over 50% year-over-year. Wow!
  • The Network partners with Appcast Appcast, a leader in programmatic job advertising, has been selected by The Network as its exclusive U.S. partner. Unifying more than 60 of the world’s job boards in 138 countries, The Network is a leading point of contact for global online recruitment. Very interesting!
  • MyWorkChoice lands fundsMyWorkChoice announced that it closed on its first growth funding round of $3 million with a group of venture capital investors led by Mallard Capital’s Jeffrey Leck. The North Caroline firm recruits, screens, trains and schedules a workforce community to meet the scalable needs of its customers — mainly in the industrial, warehouse and call center industries. Workers have the ability to view and instantly select shifts in four, six or eight-hour increments to build a schedule that fits their needs – up to 40 hours per week. Intriguing.

Ok, folks, that’s it for now! Tune in next month for more funding, maybe two acquisitions, expansions, and surprises!

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