AI-powered labor marketplace Jobandtalent has secured a fresh €92 million ($103 million) in funding. Though not without taking a significant hit to its valuation. The Madrid-based startup, known for connecting hourly workers to companies through its “workforce as a service” model. Closed its Series F round with backing from major investors including Atomico, BlackRock, DN Capital, Kinnevik, and Kibo.
Now valued at €1.3 billion ($1.5 billion) post-money, Jobandtalent’s latest round represents a steep drop from its previous $2.35 billion valuation set during a $500 million Series E raise in December 2021.
While the company frames the new funding as a strategic step in a challenging economic climate. The markdown signals tougher times for growth-stage tech firms across Europe. A spokesperson acknowledged the recalibration, calling it a “valuation adjustment in line with broader market dynamics.” Still, they emphasized that Jobandtalent remains financially strong and ready to scale globally.
Founded in Spain, Jobandtalent operates in 10 countries across Europe, the U.S., and Latin America. It has grown rapidly by helping businesses—particularly in retail, logistics, and e-commerce—quickly fill temporary and hourly roles. Over the years, the platform has facilitated over 300,000 job placements across more than 3,250 companies.
The pandemic years played a big role in the platform’s rise. As uncertainty swept across the labor market, both companies and workers leaned into flexible, on-demand job models. With online shopping booming, the demand for warehouse and delivery staff surged, and Jobandtalent was ready to meet it.
However, the market has shifted. European startups are now feeling pressure from tighter funding environments, shrinking profits, and macroeconomic headwinds across the Eurozone. At the same time, companies are turning toward AI solutions to cut costs and improve productivity. Posing both a challenge and an opportunity for platforms like Jobandtalent.
Straddling the line between traditional labor placement and AI-powered automation, Jobandtalent is investing heavily in the latter. The new funding will help scale its AI initiatives, including its flagship virtual recruiter named Clara. In early trials, Clara conducted 180,000 interviews, leading to 7,000 job placements, and reportedly delivering recruiter-level efficiency at scale.
The company says Clara’s performance has matched what “thousands of recruiters” could achieve, helping maintain high fill rates even during periods of peak demand. More AI agents are set to launch later this year, each aimed at automating tasks traditionally handled by humans.
Co-founder and co-CEO Juan Urdiales believes these innovations will redefine the company’s value proposition. “Thanks to the platform we have built over the past years, we are now well-positioned to evolve into a fully integrated employment platform,” he said. “Our next-generation AI agents will bring major improvements in productivity, provide better opportunities for workers, and unlock crucial cost savings for companies.”
Yet despite the optimistic tone, the funding round is a reminder of the cooling investor appetite for high-growth tech ventures—especially those that thrived in the pandemic boom and are now recalibrating in a new AI-driven economy.
