Job Today, maker of an app that matches people with jobs, raised $20 million to fuel expansion in the US and Europe.
The firm believes looking for a job is a “decidedly low-tech affair” and wants to make job hunting “easy and mobile” in “the world of Snapchat and Instagram”.
Its platform addresses unemployment by allowing businesses to connect with local job seekers in a “much faster, more social, and cost efficient way”.
It specialises in the hospitality, retail, and services sectors, where it believes the potential for expansion is huge, with over 75 per cent of hiring done through paper CVs.
The firm claims to have processed over 20 million job applications since its launch a year ago, and now processes around 1 million every week in its main markets – the UK and Spain. It said 74 per cent of the job matches it makes are made the same day.
The app has become popular with small businesses and has also attracted brands including McDonald’s, Starbucks, Pizza Hut and Holiday Inn.
“Business customers show strong loyalty to the service with over 50 per cent of jobs coming from repeat customers,” it said.
Existing investors Accel Partners, Mangrove Capital, and Felix Capital were joined in this round by lead investor Flint Capital, as well as Atresmedia, Channel 4 and German Media Pool VC.