Gig work is on the rise, with millions of people working flexibly.
Uncover how Jobandtalent's acquisitions want to drive efficiencies for gig employers.
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Flexible work and shifts are becoming increasingly popular as employees juggle multiple roles and sources of income.
On the back of changing approaches to work, Jobandtalent, a temporary work platform backed by SoftBank, has been able to acquire three companies in 2022 alone.
After raising $500 million in a Series E funding round led by Kinnevik in December 2021, Jobandtalent, a Spanish startup, has been able to make a series of acquisitions.
The round of funding brought the company’s valuation to $2.35 billion, and it acquired US workforce solutions provider BGSF and recruitment platform Jobzone in 2022. These acquisitions saw Jobandtalent expand geographically and add features to its offering.
The unicorn has now purchased its third company,London-based job matchmaker Jump. The financial details of this deal have not been disclosed.
Jobandtalent and Jump
Jump matches roles and applicants based on their experience and desires. What separates Jump from other talent acquisition platforms is its job-matching artificial intelligence (AI) technology, which streamlines the hiring and job-finding process.
Speaking about the acquisition, Juan Urdiales, co-founder and CEO of Jobandtalent, told Insider: “The deal shows our drive for innovation and further strengthens our position as a market leader in job matching technologies.
“By integrating deeptech and AI solutions into our existing platform, we provide our people valuable long-term perspectives and the best matching tech in the market.”
In a world where technology is increasingly needed to filter candidates, remove bias, and make the application simpler – investing in platforms that can provide long-term value may be a wise move.
Jump’s founders Andrea Consonni and Marja Verbon will now join the data and product team of Jobandtalent and work on integrating the AI benefits Jump offers with Jobandtalent’s existing platform.
Reflecting on Jump’s journey and the acquisition, Andrea Consonni wrote on Linkedin: “Six years ago, my co-founder Marja Verbon and I started Jump together, we’d never thought what an incredible adventure, full of ups and downs, was going to be.
“Today, I am very excited to announce the next leap in this journey: Jump has joined forces with Juan Urdiales, Felipe Navío, and the incredible team at Jobandtalent to continue helping people thrive at their work.”
Whether Jobandtalent can keep merging and acquiring companies at such a rapid pace remains to be seen, but it is clear that the company has a bold vision for the technology behind talent acquisition.
