Talent.com, a Montreal-based next generation job search platform has raised $120 million from Inovia Capital. The round also attracted participation from existing investor Caisse de dépôt et placement du Québec (CDPQ), and new investors Investissement Québec, Climb Ventures, BDC Capital, Fondaction, and HarbourVest Partners.
Europe expansion plans
The Series B funding round takes the total recent investment raised by the company to $150 million. It includes $30 million in new debt financing from the Technology & Innovation Banking Group at BMO Financial Group.
Talent.com will use the funds to further expand its user-centric, programmatic job search platform by improving the relevancy and efficiency of the job search experience for job seekers. Also, the funds will be deployed to hire new team members globally, invest in product development, further establish the brand and scale its newest solutions for SMBs.
Europe is high on the agenda for Talent too, with expansion on the horizon.
Co-founder and co-CEO Maxime Droux. said, “With this new investment, we look forward to further strengthening our position as a leading global next-generation job search platform by hiring top talent and increasing our investment in product and R&D. We are excited to develop our operations in Europe, and to expand our market share and team size across the continent, for example in The UK, France, and Germany”
“The race for talent has only been accentuated by the significant challenges that businesses are facing right now. Talent.com has rapidly grown to become one of the largest and most international platforms for employers to source and recruit”, said Chris Arsenault, Partner at Inovia Capital. “This partnership is prompting a new phase of growth as they launch a suite of value-added products to become a true job-seeker-centric platform.”
“Talent.com continues to be a disrupter of the very large global recruiting industry and is well positioned to accelerate its impressive expansion through its ability to adapt to the changing market and technology,” said Alexandre Synnett, Executive Vice-President and Chief Technology Officer at CDPQ. “Since our first investment in 2019, the company has tripled in size, and we are committed to supporting its future growth.”
Next-gen job search platforms
Talent.com was founded in 2020 by Maxime Droux, Lucas Martínez, and Benjamin Philion, alongside their global team of industry experts.
Based in Montreal, Canada, Talent.com has eight offices all over the world. The company works with an extensive network of publishing partners and adapts its solutions to the needs of small businesses all the way to enterprise clients, thereby letting them find talent their way.
With over 30 million jobs available in more than 75 countries, Talent.com has established itself as one of the largest sources of employment around the world. Its mission is to centralise all jobs available on the web, whether they come from companies’ career websites, staffing agencies or job boards. Talent.com offers the most diverse and complete content to job seekers.
How does Talent.com work?
The next generation job search platform has a clear roadmap to becoming a one-stop-shop for candidates and recruiters. Talent.com is committed to expanding how talent and businesses find, fill, and navigate work.
It is one of the world’s fastest-growing next-generation job search platforms that helps businesses find candidates no matter their budget, number of job openings or technological capabilities.
Talent.com’s proprietary technology matches job seekers with relevant job opportunities while its pay-per-click model helps recruiters easily adjust their job advertising campaigns based on performance.
If you want to use Talent.com to find your next job, then you can search for the job on its search page or save time with customised job alerts sent directly to you. You can also compare your salary to know where you are by searching average salaries of job titles similar to your own.
Also, you can calculate your take-home pay interactive. Its Tax Calculator breaks down the tax deductions you can expect depending on your region. You can also understand your salary better by converting hourly, monthly, and yearly earnings.