Atomico tops JobandTalent investor table

02 Aug 2017

Spanish newspaper El Español (article in Spanish here) published a detailed breakdown of the ownership of recruitment platform JobandTalent.com. The biggest surprise may be that, despite raising some $85 million U.S. in funding (Crunchbase figures here), more than one-third of the shares are still company-owned.

According to the report, co-founders Juan Urdiales and Felipe Navío hold around 22 percent of stock. An additional 13 percent of stock options are owned by JobandTalent employees.

London-based venture capital firm Atomico is the biggest overall investor with 20 percent of shares. Atomico, which was co-founded in 2006 by Mattias Ljungman and Skype founder Niklas Zennström, lead the most recent JobandTalent fundraising round in June 2016, investing $42 million U.S. (see the AIM Group report here).

Other key investors are Spanish venture capital firm Kibo Ventures, with a seven-percent stake; Luxembourg-based Gainsboro Developments with five percent. Another Spanish firm, JME Venture holds three percent of shares, with the remaining investors controlling smaller portions.

The analysis is based on figures obtained by the newspaper from Companies House, the British government’s business register. JobandTalent is headquartered in Madrid, but the company is registered in London, meaning its actions are filed with Companies House.

Co-founder and CEO Juan Urdiales declined to comment on the accuracy of the figures. He told the AIM Group that the company’s growth forecast for 2017 is 550 percent growth versus 2016, and that JobandTalent plans to seek further investment in 2018 or 2019.

“We are the leading, on-demand staffing marketplace in the world,” he said. “We are faster and 30 percent cheaper than the incumbent offline staffing agencies.”

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Cila Warncke

Cila joined AIM Group in 2014 as writer/analyst for Spain. An Anglo-American living in Ibiza, she brings extensive international writing and consulting experience to the role. Educated at University of Pennsylvania (BA) and Glasgow University (MLitt), she has worked for wide range of consumer and B2B publications and companies in Europe and the USA, writing on topics ranging from marketing to travel to music to ultra-marathoning. She uses her writing, research and analytical skills to help clients tell their stories, grow their business, reach new audiences, build loyalty and exploit new media channels. Cila is also an award-winning essayist, creative writer and founder of Creative Writing Ibiza.