Jobbatical will use newly-raised capital to accelerate product development, acquire more talent, accelerate marketing efforts and expand into Singapore’s fintech hub
Jobbatical, an Estonian-based startup that connects tech talent to jobs overseas, has raised $2 million in a round led by Union Square Ventures and London-based Venture Capital firm LocalGlobe, with participation from existing investor Smartcap.
It will use the funds to further develop and enhance Jobbatical’s product and UX, triple its product team by the end of this year, and hire more talent in the marketing team to support its expansion.
Jobbatical will also open a regional hub in Singapore, although it did not specify exactly when that would take place.
“Silicon Valley and the other great technology hubs have developed in large part because of the steady stream of highly-skilled individuals they manage to attract,” said Karoli Hindriks in an official press release.
“Our goal with Jobbatical is to help build the world’s next generation of Silicon Valleys, from Lisbon to Kuala Lumpur and beyond, by removing geographical bias from hiring decisions, so that people are employed based on their skills, rather than their passports,” he added.
Currently, there are openings for a back-end developer in Hong Kong, a UX researcher in Penang, a digital marketing manager in Vienna and a content writer in Shanghai.
Founded in June 2014 by Karoli Hindriks with Ronald Hindriks (Karoli’s brother) and Allan Mäeots, Jobbatical seeks to match the career goals and travel aspirations of tech and startup professionals to companies seeking global talent. It monetizes by charging a small commission on each successful hire.
It claims to have over 30,000 talents seeking to relocate. It also says that over 1,200 companies across more than 40 countries used the platform in the first year. In fact, nearly half of Jobbatical’s team was hired through the platform.
This post was originally published on e27.