The Berlin-based startup Jobspotting just secured an investment from the renowned venture capital firm Horizons Ventures . This yet undisclosed amount of seed financing from the Hong Kong-based venture capital firm will fund Jobspotting’s ongoing development and expansion plans.
According to the startup, the deciding factor behind the investment was Jobspotting’s strong focus on technology. Before Jobspotting, Horizons Ventures invested in companies such as Facebook, Skype and Spotify, to name some of the most successful ones.
Gilad Novik, CTO of Horizons Ventures, stated: “At Horizons, we invest in disruptive technologies that solve global problems. We are excited to see how the ambitious team at Jobspotting can change recruitment.”
Jobspotting, which launched in January of this year, seeks to change job searches by using data to provide personalised recommendations. Such technologies have already been harnessed successfully in other verticals by services like Spotify, Netflix and Pandora.
Jobspotting hones the job search process by recommending opportunities to the user. These recommendations are based on the users’ interests, desired location and work experience, and are refined through user feedback. The algorithm learns when the user flags a job as either relevant or unsuitable, to better identify the best job offers.
The matching technology is currently under assessment for a European patent. Horizons Ventures’ investment will allow Jobspotting to expand its product; the platform will soon be available in ten languages and expansion into new countries is also pending.
Robin Haak, Co-Founder and COO of Jobspotting, said: “The investment comes at just the right time. With Horizons, we have a strong partner at our side during our expansion and internationalisation phase”.
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