Jobandtalent raises $103M on a down-round $1.5B valuation as it looks to AI to recruit temps

Jobandtalent, an AI-based “workforce as a service” marketplace that connects people with companies looking for hourly workers, announced it has raised €92 million ($103 million). The Series F — which includes participation from Atomico, BlackRock, DN Capital, Hercules, Infravia, Kibo, and Kinnevik — values the Madrid, Spain-based company at €1.3 billion ($1.5 billion) post-money. On the surface, a unicorn raising a decent round of funding from a well-known list of backers might sound like pretty strong news. The reality is a little different. This is a down round for the company. Jobandtalent, which has operations in 10 countries in Europe, the U.S., and Latin America, last raised money in December 2021, a Series E of $500 million that valued it at $2.35 billion. We’ve asked for a comment from the company on why its valuation received a haircut of almost $1 billion. “This round reflects a valuation adjustment in line with broader market dynamics, particularly within the tech and ... Read full article.