This latest investment round will fuel further expansion in Germany, Austria, and the Netherlands, while also scaling up the company’s operations in the USA.
The funding, of which 700,000 euros came as loans and government grants, will also be used to further develop its AI-powered candidate filtering to the platform’s capabilities for more time and money savings.
“With over 20 years of experience in the recruitment industry, we identified Jobilla’s approach to solving the shortage of available top talent was different to any other company that we’ve seen.”Trind VC Partner Kimmo Irpola
“Traditional postings only reach people actively searching for jobs, with up to 85% of suitable candidates unaware of new career opportunities but 52% would be open to switching jobs if the right position was presented to them. Our mission is to shorten the path to more win-wins by giving companies and recruiters the tools they need to connect more top talents with more businesses,” Jobilla cofounder and CEO Henri Nordström said in a statement.
Jobilla creates cost-efficient, scalable recruitment campaigns which utilize social media that reach out to ideal candidates and filter suitability through a short series of qualifying questions. Candidates are then screened and prioritized utilizing AI in a process that takes minutes instead of weeks of work from expensive headhunters.
Jobilla said it has seen a 106% uptick in sales over the past 12 months, despite the overall global recruitment market facing challenges due to the coronavirus pandemic in 2020.