March 17, 2022
Job aggregator Talent.com announced $120 million in funding this week. Multiplier announced a $60 million seed round while Virtual Gurus and Honest Jobs also announced funding. Meanwhile, CSS Corp acquired Directly’s OnDemand business unit.
Talent.com, an online job aggregator, announced a Series B funding round of $120 million. The round, in US dollars, brings the total financing of the Montreal company to US$150 million. It includes $30 million in new debt financing from BMO Financial Group’s Technology and Innovation group.
The funding will be used to expand its platform and hire new team members.
The round was led by Inovia Capital with participation from existing investor Caisse de dépôt et placement du Québec and new investors Investissement Québec, Climb Ventures, BDC Capital, Fondaction and HarbourVest Partners.
Talent.com is available in 78 countries and 29 languages. It displays 30 million jobs from 1 million companies. Talent.com rebranded from its former name, Neuvoo, in 2019.
The company lists The Adecco Group and Gi Group among its clients.
Multiplier, a global provider of Employer of Record, PEO and Payroll services, announced a $60m Series B funding round co-led by Tiger Global and Sequoia Capital India with participation from DST Global Partners.
The round brings total funding to $77.2 million at Singapore-based Multiplier, and brings the company’s total valuation to $400 million.
“With this new capital, Multiplier will be able to further accelerate its work to expand global infrastructure, form meaningful partnerships and add new capabilities to our platform,” said Multiplier CEO, Sagar Khatri. “Additionally, we’re also in the midst of hiring, looking for an all-star team across all countries, departments, and levels, helping us scale at scale and deliver premium experiences to our customers.”
Multiplier was founded in 2020.
Virtual Gurus, a B2B talent platform that provides virtual administrative assistants, announced an $8.4 million Series A funding round. It was led by Telus Pollinator Fund for Good. The total investment in Virtual Gurus since February 2020 now stands at $10.4 million.
The funding will help fuel the expansion of Virtual Guru, based in Calgary, Alberta, USA, which currently accounts for 38% of the company’s revenue.
“One of the most exciting things for me is that we are developing and growing Virtual Gurus without losing sight of our North Star – our talent from underrepresented communities,” said Bobbie Racette, Founder and CEO of Virtual Gurus.
“Social impact will always be built into our business model,” Racette said. “We are proving that we can be both a people-centric company and a technology company, and our investors are clearly aligned with that vision as well.”
Honest Jobs, a platform to help people with criminal records get hired, announced $1.5 million in seed funding with support from Stand Together Ventures Lab.
Harley Blakeman, who founded Honest Jobs in 2019, is among the 70% of Honest Jobs staff who have had felony convictions.
“This fundraiser was critical because we have more employers and job seekers signing up than we could serve without accelerating our hiring plans,” Blakeman said.
Over 500 companies use the Honest Jobs platform.
The company noted that job seekers with criminal records typically find jobs within 36 days on the platform, while it takes an average of 200 days using traditional methods.
CSS Corp, a provider of outsourced IT and customer support services, acquires Directly’s OnDemand business unit which provides outsourced technical support and customer service through the use of freelancers. OnDemand customers include Microsoft, LinkedIn, Airbnb and Autodesk.
“The Directly OnDemand platform is built on a unique, proven approach to driving results for customers and delivering a world-class experience through live gig experts located around the world,” said CSS Corp CEO , Sunil Mittal.