Job Today, an app that incorporates the yes-no swipe approach similar to Tinder to corporate recruitment has just secured $10 million in venture capital. The recruitment app has already been popular in Spain and is seeking to expand to other European countries using the funding it just received.
The $10 million venture capital came from Series A round led by Accel, with participation from Felix Capital and Mangrove Capital Partners. The app was launched in Spain in April last year is now nationwide and has just launched in London and Paris. The new funding will also be allocated to study specific market need of the new cities.
According to Bloomberg, Job Today has signed up more than 20,000 business and managed more than 2 million job application in Spain's big cities such as Barcelona and Madrid, also its two non-Spain cities, London and Paris.
Tech Crunch elaborated how the app works. Both employers and workers are required to create a profile, stating their informations. For workers, the profile would list language skills, availability and work experiences. The selection process is similar to dating app Tinder, where employers can view candidates' profile and select "yes" or "no" for every candidates the appeared on the app. Workers can also view employers' profile and choose the ones that interest them.
The interface also enables employers and workers to connect directly via chat once they got a match. The chat can be utilized to resolve questions from and for both parties, or arrange possible follow-up interview. To simplify the process and make it more effective, the app was designed to use a location-based search as a filter to find workers and employers.
Job Today targeted mostly blue collar workers especially in retail, hospitality, delivery drivers or logistics, and the beauty industry. As for the employers, the app aims to provides their service mainly for small business markets. The concept was developed from the observation and experience that regular business owners in the retail industry often don't really need a full CV. And so the app seeks to provide few relevant elements to be considered by employers to make the hiring process more simple and a lot easier.
Job Today was founded by Montano and Eugene Mizin, master's program student of entrepreneurship and innovation at the University of Luxembourg. Previously, they had worked as a product manager for EBay and Skype. According to the Job Today App website, more than 10,000 people have found a job since they first launched.
The app provides a convenient way both for workers to find a job and for employers to find workers. Montano and Eugene are feeling optimist about the opportunity they have in expanding their services and aim to use the funding they secure for further expansion as well as development.
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