Talent.com, a job search platform based in Montreal, Canada, announced this Wednesday a $120 million Series B investment round led by Inovia Capital and featuring Caisse de dépôt. et placement du Québec (CDPQ), Investissement Québec, Climb Ventures, BDC Capital, Fondaction and HarborVest Partners. One of the priority markets in the platform’s expansion roadmap is Brazil, where Talent.com landed in September 2020 and opened an office in 2021.
The new funding will also be used to hire new professionals for the startup‘s global team and develop products, especially for small and medium-sized companies. “Talent.com is a cutting-edge platform when candidates think about looking for job opportunities. We are integrated with the market’s main ATS (applicant tracking systems), both nationally – Gupy, Kenoby, Abler, Sólides – and internationally – Greenhouse, BreezyHR, and SmartRecruiters, always with the mission of bringing the best and most up-to-date vacancies to professionals. On the business side, we serve several verticals that are actively looking for candidates, from large national and multinational companies in different sectors, such as recruitment marketing agencies, recruitment, and selection, as well as other job portals,” explained Vítor Brandizzi, country manager of the startup in Brazil, in a statement.
He did not disclose absolute numbers to LABS but pointed out that in 2021, the company’s first full year of operation in Brazil, Talent.com saw revenue generated in the country more than triple. “Looking at our most recent history, we had a 253% growth in revenue comparing 2020 with 2021. This shows that the market has understood the benefits of using media in its recruitment strategy. Our proposal is to connect candidates with the best job opportunities, and for that, we rely on our algorithm.”
Talent.com is available in 78 countries, 29 languages and currently has 400 employees worldwide. The company did not disclose the size of its staff in Brazil but said it intends to hire a few more people both in Brazil and in other Latin American countries. “Our sales and customer service office is based in São Paulo, but we also have an operation in Medellin, Colombia, focused on technology professionals,” Brandizzi told LABS.
Talent.com currently has around 30 million vacancies from 1 million companies on its platform. Founders Maxime Droux, Lucas Martínez, and Benjamin Philion want to make Talent.com the premier venue for candidates and recruiters.