Berlin’s Zenjob gets $30M to take its digital staffing service nationwide and beyond
Berlin -based recruitment startup, Zenjob, which operates a digital platform connecting students with highly flexible temp jobs in sectors such as retail, logistics and hospitality, has closed a €27 million ($30M) Series C led by Forestay Capital. Also participating in the funding round: Redalpine, Acton Capital, Axa Venture Partners and Atlantic Labs.
Prior to this round Zenjob, a 500 startups growth hacking program alum, had raised just under $25M, according to Crunchbase.
The 2015 founded startup says it plans to use the money to further expand in Germany, where it currently offers a service in 14 cities — letting employers book student workers by the hour, with as little as 24 hours’ advance notice. Flush with Series C cash it’s now aiming to be nationwide by the end of the year.
It is also planning its first international expansion — spying opportunity amid the coronavirus crisis as it suggests social distancing requirements are generating demand for additional staff in certain sectors. (Which is something we’ve also heard from other recruitment startups in recent months.)
“The coronavirus crisis requires social distancing, which has created increased demand for staffing in, especially, logistics and retail,” said Fritz Trott, co-founder and CEO, in a statement. “Our service means that we can assist in the almost effortless digital hiring of hundreds of new students every day to fill these gaps.”
The new financing will also go on tech development to push for greater efficiency gains for users.
Zenjob says it wants to be able to use algorithms to further help predict staff demand in future, for example.
As well as job matching, the platform handles billing to cut down admin requirements for employers wanting temps to plug seasonal and/or short term vacancies.
Zenjob says its app reaches more than 15,000 students daily at this stage. It hasn’t provided data on how many employers are signed up to use the service.
Commenting on the Series C in a statement, Forestay Capital’s managing partner, Frederic Wohlwend, said: “We are delighted to have invested in Zenjob and are very much looking forward to working with Fritz and his highly talented team. Zenjob is a company that has deployed disruptive technology to shake-up the temporary employment market and which, prior to this coronavirus crisis, had already proven itself to have an exciting future. Now, during this pandemic, its flexible digital recruiting service has, in our eyes, further been confirmed as a model for keeping the working world moving.”
Berlin -based recruitment startup, Zenjob, which operates a digital platform connecting students with highly flexible temp jobs in sectors such as retail, logistics and hospitality, has closed a €27 million ($30M) Series C led by Forestay Capital. Also participating in the funding round: Redalpine, Acton Capital, Axa Venture Partners and…
Recent Posts
- Razer’s Kishi Ultra gaming controller brings haptics to your USB-C phone, PC, or tablet
- Amazon’s Fallout has been renewed for season 2
- Quordle today – hints and answers for Friday, April 19 (game #816)
- NYT Strands today — hints, answers and spangram for Friday, April 19 (game #47)
- The Meta Quest 2 gets a permanent price cut to $199
Archives
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- December 2011