The number of companies, meanwhile, posting on the site is now at 50,000, up from just 1,000 three years ago when the startup first opened for business.
It has racked up 2 million downloads (it’s not disclosing active users) of its mobile app, with a further 10 million using its website, Liu said. JobGet already seems to be making some headway in connecting with hourly workers looking for work and employers looking to hire them. What there is however is a large number of jobs that have yet to be filled, to the tune of 10 million job openings and even if unemployment is in a period of decline, there are still 6 million U.S. For us we haven’t seen the impact so far in the market.” “It doesn’t matter which way the market grows because we always see people, job seekers or employers, needing to hire. Liu believes that even if that were to happen (it hasn’t yet), regardless of the state of things, there would be a need for a platform like JobGet. where JobGet is active, are teetering on recession and grappling with inflation, two factors that might eventually tip into rising unemployment rates for hourly workers. JAZZ Venture Partners and Sanabil Investments are jointly leading the round, with Pillar VC and unnamed others also participating. Liu said in an interview that the purpose of the debt is to “give us optionality” for potential partnerships and acquisitions, while the equity will be used to hire more talent and build out its product set organically.Ĭurrently, many countries, including the U.S. The funding, a Series B, is coming in the form of $40 million in equity and a further $12 million in venture debt.
“Our ultimate vision is to become the home for the hourly workforce,” said CEO and co-founder Tony Liu, “not just job search but career progression, connecting with their community and more.” Today, a startup called JobGet is announcing $52 million in funding to fuel its ambitions to build a similar kind of go-to hub for a related but actually very different, sector of the labor market: waged or hourly workers.īuilt specifically for them, JobGet provides them with listings for jobs and an opportunity to connect with others doing similar work access for recruiters to tap people for openings they might have and down the line more tools such as training and development to help them along their own career ladders.
LinkedIn, now with more than 830 million users, has carved out a place for itself as a hub for the world of professional workers: a social network optimized for people in knowledge and related industries looking for jobs or recruiting to fill job openings for people to connect with others in their profession and for those thinking about the world of work and professional development.
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