Spain-based Jobandtalent, a marketplace matching temps with employers, raises a $500M Series E at a $2.35B post-money valuation led by Kinnevik
Spain's Jobandtalent, a “workforce marketplace”-cum-digital temping agency which uses AI to match workers to casual labor gigs in sectors like warehousing …
Context & Ripple Effects
2021 has been a funding ladder for Jobandtalent: a ~$108M round in January, a €100M Series D from SoftBank's Vision Fund 2 in March, and now a $500M Series E led by Kinnevik at a $2.35B post-money — roughly doubling its valuation inside a year as investors pile into AI-matched casual labor for sectors like warehousing.
This round marks the peak of that cycle, and the corpus already shows where it ended: by April 2025 Jobandtalent raised a $103M Series F at a $1.5B valuation, a third below today's price — making this raise the reference point for how far the category repriced.
First-order effects
- Kinnevik takes the lead position in one of Europe's largest staffing-tech rounds, while Jobandtalent gains a war chest to scale its temp marketplace beyond the 80K+ workers it says it placed in temporary gigs last year.
- SoftBank's Vision Fund 2, which led the March Series D just nine months earlier, sees its stake marked up sharply on the new $2.35B valuation.
Second-order effects
- Rivals are forced to keep pace: Berlin-based Zenjob followed with a $50M Series D in February 2022, while SaaS-side recruiters like SmartRecruiters ($110M Series E at $1.5B) and Jobvite (consolidating via acquisitions across the recruiting stack) compete for the same corporate hiring budgets from the software angle.
Third-order effects
- The arc from this $2.35B peak to the 2025 $1.5B Series F points to a structural repricing of late-stage labor marketplaces once growth capital tightened — a category-level reset rather than a single company's stumble, with platform-based temp staffing still displacing traditional agencies underneath the valuation swings.
The trend: Digital temp-staffing marketplaces rode 2021's late-stage funding peak to outsized valuations before the category repriced materially lower.