A jobs website has received $42 million from a VC fund set up by one of Skype's cofounders

times100richest Niklas Zennstrom

Brian Ach / Getty

Skype cofounder and former CEO Niklas Zennstrom.

Jobandtalent has raised $42 million (£30 million) in a funding round led by Atomico, the venture capital fund set up by Skype founder Niklas Zennström, who has a net worth of $1.19 billion (£780 million).

The investment follows a $25 million (£18 million) round that was raised last May and brings total investment in the company up to about $80 million (£56 million).

Founded in Madrid in 2009 by Juan Urdiales and Felipe Navío, Jobandtalent uses a matching algorithm, which combines "hundreds" of relevant signals, to decide whether a specific job is suited to a candidate. These include textual signals, such as the CV of the candidate, behavioural signals including applications of the candidates and contextual signals like the salary expectations or the job location. Today the platform claims to have over 10 million users and 150,000 businesses on its books.Advertisement

Jobandtalent said it will use the money to expand into new geographical markets and further develop its product.

Juan Urdiales, cofounder co-CEO of Jobandtalent, said in a statement:

We are ready to scale our platform internationally, and with Atomico we now have the additional investment and expertise to make that happen. They are a perfect fit with their hands-on approach and track record of building global category winners.

Niall Wass, former senior VP EMEA & APAC at Uber, and current executive-in-residence at Atomico is joining Jobandtalent's board as a non-executive director where he intends to help with strategy and international growth.

Niklas Zennström, founding partner and CEO of Atomico, said in a statement:

Jobandtalent has recently begun offering a comprehensive staff management service that will forever change the way SMEs recruit. The service dramatically reduces the administrative and HR burden of hiring, onboarding and managing staff, by generating employment contracts, managing payroll and dealing with all payments to local tax authorities. In addition, with automatic background checks combined with ratings and reviews from previous employers, businesses will be in a position to offer a job without even needing to interview the candidate.

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