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Gwyneth Paltrow, MedReps, and Rigzone: news of the recruitment marketing industry

MedRepsThere has been a veritable firehose of news on the recruitment marketing and job board industry over the past few weeks – so I thought it was time to catch up. What kind of news? Acquisitions, MedReps, movie stars (!), sales, legal stuff, and of course more funding. Let’s get started:

  • RigZone awarded $3M: A federal jury in Houston awarded Rigzone — a website serving the oil and gas industry — about $3 million after agreeing its founder, David Kent, stole trade secrets to launch, a professional networking website. Kent was arrested in 2016 for allegedly hacking into Rigzone, which he had previously sold to DHI Group Inc. “This verdict is almost five years in the making,” said attorney Walter Lynch  of Jordan Lynch & Cancienne. Yes, it has been.
  • The Expert and Gwyneth PaltrowThe LA-based The Expert — a platform for video consultations with interior designers — has raised a $3 million seed funding round led by Forerunner Ventures, with participation from Sweet Capital, Promus Ventures, Golden Ventures, Jeffrey Katzenberg’s WndrCo, AD 100 designer Brigette Romanek and CEO/founder of goop, Gwyneth Paltrow. The Expert offers 1:1 video consultations with leading interior designers, it says. The Expert features 85 designers, so far. Clients click on designers’ profiles to see rates and availability, then click to book. Intriguing.
  • Vettery absorbed into HiredHired announced today that it has absorbed Vettery into its operations; both firms are owned by The Adecco Group. The businesses will now operate as a single platform under the Hired brand. Vettery CEO Josh Brenner is taking on the CEO role for Hired as a whole. Congrats?
  • BioSpace buys MedRepsBioSpace, Inc. has acquired MedReps, a career platform for medical sales positions. MedReps was founded in 2000, and has built a community of over 300,000 members that utilize the platform for medical device, pharmaceutical, and biotech sales jobs and career resources. Financial terms were not disclosed. Somehow, they never are…
  • Talroo launches ad platformTalroo has released the Talroo Ad Platform, an all-in-one platform agnostic solution that brings Talroo’s existing products together in a single talent attraction gateway. Those solutions include profile-driven programmatic job advertising product Talroo Pro, hiring events advertising product Talroo Events, and recruitment marketing analytics product Talroo Insights. Good idea.
  • Fuel50 raises fundsFuel50, a talent marketplace platform, has raised $15.5M (USD) in Series B funding, led by PeakSpan Capital and Shearwater Capital. With AI personalization and a focus on diversity and inclusion, Fuel50 mobilizes talent through an AI-powered opportunity marketplace. With the new funds in place, Fuel50 will be increasing its presence across the US, EMEA, and Australasia. Interesting.
  • Glints gets cashGlints, an online career platform headquartered in Singapore, announced a US$22.5 million funding round led by Tokyo-based staffing firm Persol Holdings. The site has more than 4 million professionals visiting its site every month and serves more than 35,000 employers in southeast Asia. Glints also offers “Glints Community,” a career form with more than 50,000 posts; “Glints Academy,” an online coding boot camp; and “Glints ExpertClass,” offering online professional courses. Smart.
  • OpenLoop lands fundsOpenLoop, a platform that connects clinical healthcare workers to telehealth shifts, announced a $3 million seed funding round this week. The Des Moines, Iowa-based compay launched in March 2020. The company said it has grown its fractional clinician workforce to more than 5,500 in the first 10 months of operations. OpenLoop works with physicians, nurse practitioners, physician assistants and specialists. Congrats!
  • Coconala revenue upJapan-based freelancer marketplace reported an increase in jobs completed during the second quarter, reflecting a 61% year-on-year growth in revenue to Y637 million ($5.9 million U.S.), according to the company’s financials. As the freelance jobs site is experiencing a steady growth in its number of service takers, the full-year revenue is projected at Y2.4 billion. Impressive.
  • Creatively raises funds: Creatively — a startup that helps designers, photographers, illustrators and other creative professionals showcase their work and find their next job — has raised$5 million. The startup says there are now more than 125,000 creatives on the platform, while 650 companies (including HBO, Tom Ford, SKIMS, Nickelodeon, Ro, CNN and The Gap) have used it to recruit. Congrats!

Well, I never thought I’d have both David Kent and Gwyneth Paltrow in the same post! Interesting times. Until next time…

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