Job Today, a Luxembourg startup with an app that aims to help people find casual jobs quickly and easily, is launching in Germany after investors pumped $US35 million (£29 million) into the company.
The startup, which already operates in London and Spain, is essentially a jobs marketplace. It helps employers — predominantly in retail, construction, and hospitality — to find staff and prospective employees to find jobs.
The app pay prove to be particular popular in Berlin, where one in 10 people were unemployed in January 2016, according to the European Commission.
Job Today claims to have attracted 200,000 employers and processed 35 million job applications since it launched in May 2015. Corporations using the app to find staff include McDonald’s, EAT, Pizza Express, Holiday Inn, and Benefit Cosmetics.
“Finding a job is a vital necessity for millions of youths and [the] general population all across Europe,” said Polina Montano, COO of Job Today, in a statement. “It’s about time we leverage technology to solve a very human problem.”
“We’re disrupting a $US270 billion (£220 billion) global blue collar recruitment market, most of which is still offline, and the incumbents simply cannot respond quickly enough.”
According to a survey touted by Job Today and conducted by jobs listing sites Madgex and JobBoardDoctor, 57% of Germans currently rely on newspaper ads as their primary method for finding jobs.
Job Today, which eventually plans to launch in the US, believes that finding jobs via newspaper ads is an “archaic” process. In a press release, the company said: “We look at our phones up to 80 times a day while the readership of newspapers has been been falling for the last 15 years.”
Investors in the latest round include broadcaster RTL Germany and equity fund German Media Pool. The startup’s total funding to date now stands at over $US65 million (£53 million).
RTL Group owns stakes in TV channels and radio stations in Germany, France, Belgium, the Netherlands, Luxembourg, Spain, Hungary, Croatia, and South East Asia. The new partnership with RTL Germany builds on an earlier investment in Job Today by Atresmedia in Spain, also part of RTL Group.
Other investors in Job Today include VC firms Accel Partners and Mangrove Capital Partners, as well as Channel 4’s Commercial Growth Fund.