Jobandtalent, a workforce-as-a-service platform, raises $103M in a down round, valuing the company at $1.5B.
Matilda
Jobandtalent Secures $103M Investment Amidst Valuation Adjustment, Eyes AI-Powered Recruitment
Madrid, Spain - Jobandtalent, a pioneering AI-powered "workforce as a service" marketplace connecting hourly workers with businesses, has announced a significant €92 million ($103 million) Series F funding round. Notable investors including Atomico, BlackRock, DN Capital, Hercules, Infravia, Kibo, and Kinnevik participated in this round, which sets the company's post-money valuation at €1.3 billion ($1.5 billion). Image Credits:Jobandtalent under a license. Significant Funding Amidst Market Realities While securing a substantial investment from prominent backers typically signals strong growth, this funding round comes with a nuanced context. The current valuation represents a down round for Jobandtalent. In December 2021, the company's Series E funding of $500 million had valued it at $2.35 billion. When contacted for comment regarding the valuation adjustment, a Jobandtalent spokesperson stated, "This round reflects a valuation adjustment in line with broader mark…
