JobToday inks $35M media-for-equity deal with European broadcasters

Work finder application, JobToday, has inked a new media for fairness deal truly worth $35 million.

The Luxembourg-based mostly startup is one of a number of European players searching for to change CV-style recruitment for blue collar jobs to an more rapidly, application-based mostly interface that returns outcomes based mostly on location and lets likely recruits and employers connect more than cellular chat. Rivals include CornerJob, Jobandtalent, inploi and Gig, to title a handful of. Many others have also pursued the media for fairness route to getting more rapidly publicity for apps that can only functionality nicely with a critical mass of people.

The Accel backed startup shut a $20M Series B round past November which also included three media traders: Astremedia (Spain), Channel 4 (United kingdom), and German Media Pool VC — two of whom (Astremedia and German Media Pool) are aspect of the new media for fairness deal, alongside with a second German broadcaster, RTL Germany (which owns a strategic minority shareholding in Atresmedia).

“The media players are giving us broadcasting inventory with a gross worth of $35 million — in exchange for which they get fairness stake in the corporation,” confirms co-founder Polina Montano.

“There are unique channels, it does not have to be Tv set only, it can be other channels these types of as outside promoting, billboards, radio — but primarily it is Tv set,” she adds.

While JobToday is not nonetheless launched in Germany, Montano says it will do so this year.

At this level the application has much more than 2.5 million registered people in the two marketplaces wherever it at the moment operates, the United kingdom and Spain alongside with much more than two hundred,000 registered employers (up from all-around 2M people and 150k enterprises in November).

“We’re processing about 1 million career apps per week,” she adds.

JobToday notes that RTL Group reaches audiences all-around the world and owns stakes in Tv set channels and radio stations in Germany, France, Belgium, the Netherlands, Luxembourg, Spain, Hungary, Croatia and South East Asia.

So possessing a strategic connection to the broadcaster’s footprint sets up JobToday to stage into additional markets in future — though for the up coming six months, at the very least, Polina claims the emphasis is on “solidifying leadership” in its two European marketplaces, and also getting ready to launch in a third: Germany.








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