May 28, 2022

Internet recruiting was one of the first and greatest achievements of the first dot-com boom. But as more and more business processes move online, online job search is becoming a gift that continues to give, and so today comes the news of another portal in this field, which is a great round of work with more innovative and precision technologies in this area. did. — a portal that collects jobs posted directly by recruiters and ads from third-party recruiting sites — has raised $120 million in a Series B funding round that it will use to further invest in its programmatic search platform to expand further. on the international level. and introducing new products and services to users. has an international profile — it currently lists almost 30 million jobs from 1 million companies in 78 countries and 29 languages ​​and has more than 28 million monthly active visitors — but the startup itself is based in Montreal and is led by Canadian venture capital firm Innovia. Capital, the round also includes former lender Cais de dépét et Placement du Québec (CDPQ) and new investor investments that accept Quebec, Climb Ventures, BDC Capital, Fondaction and Harbourwest Partners. In addition to his $120 million capital, he also raised $30 million in new debt financing from the technology and innovation banking group in the BMO financial group. co-founder and co-CEO Lucas Martinez, who co-founded the company with Maxim Drau and Benjamin Fillion, said in an interview that Target is using the money to create new technologies to help consumers. See results that are more relevant to what they are looking for; And make more attractive to employers with tools to measure and charge ad response based on what people click on.

(The company itself knew a thing or two about the right words to get interested in content: The startup was called new, end with “advice,” and although it was profitable, it didn’t grow very fast. Partly because it was found that many people were confused how the word is pronounced and that its meaning has little to do with the mass market, so when Nuevo revised its name in 2019 and saw that was up for sale, it jumped at it and renamed it. paid $1.3 million for the domain, although the rest of the details were mysteriously kept secret for three years, so it’s unclear who made the sale.Martinez laughed, and when I asked if it was Google, he said no, but not clarified)

He is also investing in a large international expansion. Martinez spoke to me from Barcelona, ​​where the company is opening a new European hub.

Some of the big players in the market today include:, owned by Japanese HR giant Recruit Holdings, which is valued at around $66 billion, and other brands like SimplyHire, which owns ZipperCruter, which hit the market last year. made public; LinkedIn; and search giant Google. But today there are many startups that are taking on these more established players, taking advantage of new technologies and changing market expectations to offer new competitive battlefields.

Some, like Share and Remote, position themselves as platforms for hiring remote workers; Others, like Turing, are abandoning the concept and focusing on finding a specific talent pool: engineers. SmartRecruiters has an aspiration to be a recruiting “sales agent”, an aspiration that others like Beamery are also pursuing. Dover borrows a concept from another area of ​​business (Buzzword Orchestration) in its recruitment platform. And JobBandTalent, Workstream, and Fountain have business models that cater to casual workers, gig workers, and hourly workers.

Like the previous three, targets mass markets that include hourly and general workers as well as skilled workers. In addition to the programmatic approach to job posting, other tools for employers include the ability to integrate with existing candidate tracking and CRM systems. On the consumer side, in addition to job searches, users will be given the ability to conduct salary surveys, calculate their country’s after-tax wages, and answer profile questions to better tailor search results. It will also pave the way for how the product will evolve in the future.

“It’s important,” Martinez said. “The job search is ambitious. Many people are not qualified for the job they are applying for. That’s why we combine experience and training and help users what to do if they want to become engineers, for example. We will know who you are and your resume on our platform, and let’s just say, these are online educational programs in this area. This is where we will provide our users with great value.”

This is a game for a wide range of services aimed at generating more income from users, which has attracted the interest of investors.

“The talent race has only gotten bigger because of the serious challenges companies are currently facing. “ has become one of the largest and most international platforms for finding and hiring employers,” Chris Arceno, partner at Innovia Capital, said in a statement. “This partnership is leading to a new phase of growth as they launch a range of value-added products to become a true job seeker platform.”

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