Zenjob, a Berlin-based recruitment startup that was founded in 2015, has announced about raising €15 million funding in a Series B financing round. Led by AXA Venture Partners, the funding was also supported by existing investors including Acton Capital Partners, Redalpine, and Atlantic Labs. Reportedly, the capital investment comes as a boost for product development and the expansion of the business across Germany and beyond.
Zenjob is an online job portal that showcases temporary workers and a wide range of part-time jobs of hotels, supermarket chains, offices, and restaurants. It has developed a mobile application to simplify job searching and recruiting services. Depending on the job individuals have to be fluent in the German language.
“Traditional temporary employment agencies are still struggling with a digital transformation in the market. What the staffing sector is lacking are innovative products. With our automated software technology, we manage to place the majority of personnel within only a few hours. At the same time, we offer our clients long-term planning security,” said Fritz Trott, co-founder, and CEO of Zenjob.
With the fresh capital invested, the entire process, from job posting and candidate matching to shift management, will be handled automatically by Zenjob’s software. The tech startup will keep pushing forward with the continuous development of software technology. The automated matching procedure between the job offer and the candidate will be optimised in an even more intelligent way. Furthermore, Zenjob plans to launch an “in-store solution” for clients in the retail business.
Over 1000 clients already
Zenjob has supplied personnel for over 1,000 clients, including Vapiano, Mister Spex, and Holiday Inn. On average, Zenjob staffs over 10,000 on-demand temporary jobs with students every month and caters to clients in the retail, event, and gastronomy sectors.
Student staff from Germany
At the same time, the on-demand staffing platform supplies companies in different fields (such as the logistics, hotel, events, and retail industries) with student staff in Berlin, Hamburg, Munich, Cologne, Bonn, and Dusseldorf.
How does it work?
Students receive real-time job offers through Zenjob directly on their smartphones and can confirm their availability with just one click on the app.
Total funding so far: €24M
In 2017, Zenjob also closed a financing Series A funding round with a total of €8 million led by Acton Capital Partners and joined by swiss early-stage investor Redalpine, the existing seed investor Atlantic Labs, and others. Now with the latest funding, the company has received €24 million so far.
Founded in 2016
The German startup was founded by a group of young entrepreneurs, Fritz Trott, Arvid Seeberg-Elverfeldt, Cihan Aksakal, Frederik Fahning and Cornelius v. Rantzau in 2016. Cornelius von Rantzau and Arvid Seeberg-Elverfeldt have been the supporting management since 2017. The company’s staff consists of more than 180 employees.
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