Finnish talent acquisition startup Jobilla
has announced the successful closure of a €2.16 million funding round led by EstVCA member Trind VC
, €700K of the round was raised as loans and governmental grants. Jobilla has disrupted recruiting across five different continents by leveraging the latest marketing practices and modern recruitment tools to connect companies with top talents not actively looking for new opportunities.
“We are thankful for the support shown by Trind VC and our other investors who believe in our vision to build the most automated and efficient recruitment processes possible and help businesses find the best talent for the right job,” said Jobilla’s co-founder and CEO Henri Nordström
This latest investment round will fuel further expansion in Germany, Austria, and the Netherlands, while also scaling up the company’s operations in the US. The capital will also further develop its AI-powered candidate filtering to the platform’s capabilities for more time and money savings. The company aims to disrupt the €450 billion traditional recruitment market with its simpler, more targeted recruitment software.
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 via easy-to-use, mobile-optimized forms. Candidates are then screened and prioritized utilizing AI in a process that takes minutes instead of weeks of work from expensive headhunters.
“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. We believe that with their smart, scalable use of technology Jobilla will be a forerunner of the recruitment industry,” said Trind VC Partner, Kimmo Irpola
With customers that include RE/MAX, German Red Cross, and Securitas, Jobilla 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. Jobilla has offices in Helsinki, Finland; Berlin, Germany; San Francisco, Riga and Jakarta.
In its next phase of growth, Jobilla will expand its customer base in the US. They have already seen success with local companies and organizations that appreciate Jobilla’s efficiency and accuracy, especially in industries where finding the best talent is crucial in finding a competitive edge.
- Read the full news on the investment HERE