Finnish talent acquisition startup Jobilla has announced the successful closure of a €2.16M funding round led by tech investor Trind VC of which €700,000 was raised as loans and governmental grants.
Jobilla Co-founder and CEO Henri Nordström stated, “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.”
Jobilla aims to disrupt recruiting by leveraging the latest marketing practices and modern recruitment tools to connect companies with top talents not actively looking for new opportunities.
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 €450B traditional recruitment market with its simpler, more targeted recruitment software.
Jobilla enables clients to solve their most difficult recruitment needs with innovative digital marketing methods. Traditional postings only reach people actively searching for jobs, with up to 85% of suitable candidates unaware of new career opportunities but 52% would be open to switching jobs if the right position was presented to them. Its mission is to shorten the path to more win-wins by giving companies and recruiters the tools they need to connect more top talents with more businesses.
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 customers that include RE/MAX, German Red Cross, and Securitas, Jobilla claims to have 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, the US; Riga, Latvia; and Jakarta. In its next phase of growth, Jobilla will expand its customer base in the United States. It will be interesting to see how this new tool which convincingly deviates from the struggles of previous recruiting methods is able to disrupt the recruiting industry further.