Montreal-based (Canada) startup Talent.com raised USD 120 million in Series B funding on March 16, 2022. It is the world’s fastest-growing job search platform. Canada-based Inovia Capital led the Series B round of funding. Existing investor Caisse de dépôt et placement du Québec (CDPQ) also participated in the funding.
Besides, the round saw investment from new investors, including Investissement Québec, Climb Ventures, BDC Capital, Fondaction, and HarbourVest Partners.
Purpose of Funding for Talent.com
The company announced its intention to use the funds for expansion in the international markets.
Talent.com seeks to expand its user-centric programmatic job search. They will improve the relevancy and efficiency of the platform for an enhanced job searching experience. Moreover, the startup will increase its team size globally. It will introduce new products and services for its users.
With the latest funding, Talent.com wants to establish the brand and scale its newest solutions for SMBs.
What the founders have to say
Commenting on the recent funding, co-founder and co-CEO Lucas Martínez said, “We’re thrilled to have reached this exciting milestone in the life of our company. 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.”
What the investor has to say
“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. 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,” said Chris Arsenault, Partner at Inovia Capital.
Alexandre Synnett, Executive Vice-President and Chief Technology Officer at CDPQ, said, “Talent.com is a disrupter of the very large global recruiting industry. It is in a position to accelerate its impressive expansion through its ability to adapt to the changing market and technology. Since our first investment in 2019, the company has tripled in size, and we are committed to supporting its future growth.”
About Talent.com
Lucas Martínez, Maxime Droux, and Benjamin Philion brought Talent.com into existence in 2011. The startup aids businesses in finding candidates irrespective of the budget, number of job openings or technological capabilities.
It is one of the world’s largest sources of employment, with 30 million jobs on display from 1 million companies. Currently, it works across 78 countries in 29 languages and employs 400 people globally. The Financial Times, The Globe and Mail, and Deloitte’s Technology Fast 500 has mentioned Talent.com as one of the fastest-growing companies.
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 startup Talent.com raised USD 120 million in Series B funding on March 16, 2022. Canada-based Inovia Capital led the Series B round of funding.){kind=link}