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Home Funding

JOBJACK, a South African recruitment startup, has raised $2.5 million in pre-Series A funding

Tech Gist Africa by Tech Gist Africa
11/23/2023
in Funding, News - South Africa
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JOBJACK, a South African recruiting startup, has raised ZAR45 million (US$2.5 million) in pre-Series A funding to help it change the narrative of entry-level recruitment in the country. 

NEXT176 led the funding round, which also included the Michael & Susan Dell Foundation. 

Christiaan van den Berg and Heine Bellingan founded JOBJACK, a free web-based job search portal, in 2018 to cater to job seekers seeking entry-level work.

With JOBJACK, job seekers may apply for jobs straight from their mobile devices by following a simple CV generation process.

For MTN and Vodacom network customers, the application process is currently data-free.

Nearly two million job searchers have registered on the platform, and the number is increasing by 2,000 per day, according to the firm. 

According to van den Berg, co-founder and co-CEO of JOBJACK, “these funds allow us to continue our momentum of onboarding employers and, not only streamlining their entry-level recruitment but to drive accessibility and affordability for the job seekers that need it most.”

According to Ona Meyer, program manager for youth employment at the Michael & Susan Dell Foundation, the organization invested in companies that develop innovations that provide access to job opportunities for South Africans without work, enabling them to support their family livelihoods.

“This partnership will allow JOBJACK to further scale its current response plan, streamlining the recruitment process and increasing access and affordability for job seekers. We are encouraged by the growth trajectory of JOBJACK’s business model to serve those looking to enter the entry-level job market,” Meyer said.

The funds raised will be used to boost operations, broaden JOBJACK’s expanding network throughout South Africa, and introduce job searchers to chances that could change their lives.

 

Read more on Tech Gist Africa: 

Inclusivity Solutions, a South African insurtech startup, has raised a $1.5 million Series A extension round

Sanari Capital of South Africa raises $65 million for the second closing of its new growth fund

Stitch, a South African fintech startup, has raised $25 million in a Series A extension round

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