Berlin-based Zenjob Raises €45M in a Growth Financing Round

Zenjob

Zenjob

Berlin-based Zenjob has raised €45M in a growth financing round. The staffing marketplace that became a savior for a lot of folks in Germany during the COVID-19 lockdown plans to use the new funding to accelerate its expansion in Europe.

Zenjob is a digital platform that matches workers with temporary side jobs in growth industries.

With the new funding, the platform is planning to expand in Europe.

The startup will also use the growth fund to scale its platform and add new data-based automation features for its fast-growing customer base.

As part of this new strategy, Zenjob plans to expand to new cities in Germany and the Netherlands.

The startup also plans to bring the marketplace to the UK later this year and expand to match jobs in new categories.

Since its founding in 2015, Zenjob says it has matched over 1 million jobs in Germany and the Netherlands.

In order to improve its matching algorithm, the startup is also planning to invest in the extension of its technology platform.

The funding will also be used to grow the team responsible for its new modular platform architecture, the matching algorithm, and new automated services.

The funding round was led by Aragon with contributions from all existing investors.

According to Crunchbase, Zenjob has raised a total of $107M from nine investors including Acton Capital, Atlantic Labs, Forestay, and AXA Venture Partners, who participated in this round.

 

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