Jobaline.com Closes $7 Million Series B Round
New Round Will Accelerate National Expansion of Its Mobile Technology for Automating Pre-Screening and Recruitment for Hourly Jobs
KIRKLAND, Wash., May 28, 2014-- Jobaline.com, the fastest growing mobile and bilingual hourly-jobs marketplace in the United States, today announced the completion of a $7.0 million Series B funding. Trilogy Equity Partners led the financing, with existing investors Madrona Venture Group and Rudy Gadre and new investor Founders Co-op participating as well.
Jobaline.com helps mid- to large-size employers find qualified hourly workers at a dramatically reduced cost. Launched in the summer of 2013 in the Bay Area, Miami, and Seattle, Jobaline has already processed more than 400,000 job applications in these pilot markets.
"We are very pleased with our progress and humbled by the incredible reception from both employers and workers," said Jobaline.com co-founder and CEO Luis J. Salazar. "With our real-time mobile matching technology and our pay-per-results model where companies only pay when we find qualified workers that match their needs, we are helping to address the recruiting crisis that costs companies more than $300 billion in inefficiencies in the hourly jobs space. Our unique solution enables job seekers to complete applications from any computer, tablet, or phone, even via text messaging."
The funding will help Jobaline.com accelerate its national reach by expanding the sales nationwide and enhancing the engineering center in Kirkland, Washington.
"We are excited to be partnering with outstanding entrepreneurs who are executing on a vision that has both exceptional business potential and the ability to make a meaningful difference in the lives of people in our country," said Mikal Thomsen, Co-founder and Partner at Trilogy Equity Partners, and former President and COO at Western Wireless Corporation. "Jobaline is using state-of-the-art mobile technology to disrupt the multi-billion dollar hourly-jobs marketplace in ways that make the hiring process dramatically easier and less expensive." Mr. Thomsen has joined the Jobaline.com Board of Directors.
Jobaline.com's candidate-matching technology enables mobile-first recruiting, including automated phone pre-screening and has reduced hourly job advertising expenses by more than 60%. It has also saved recruiters and hiring managers an average of two hours per hire.
Jobaline's initial customers include hundreds of hotels, fast food franchises, construction and manufacturing staffing agencies, large retailers and leading wireless carriers. Jobaline integrates with the employers' Applicant Tracking Systems, resulting in fast deployment times and minimal impact on current recruiting processes. More than 90% of job seekers say they are satisfied with their mobile and advertising-free application experience, while employers report high quality matches thanks to the multimedia mobile matching technology.
Jobaline.com the fastest growing mobile and bilingual hourly-jobs marketplace in the United States makes it easy to find and apply for jobs from any mobile phone, tablet or computer.
About Trilogy Equity Partners
Established by a team of wireless and technology entrepreneurs, Trilogy Partnership invests private capital in areas where in-house, expertise and market growth promise superior financial returns. Current businesses include operating wireless carriers in the Caribbean and Latin America as well as investments in multiple early stage application and infrastructure companies. Based on experience building mobile franchises in 12 diverse national markets, Trilogy seeks high growth opportunities in both developed and emerging countries.
About Madrona Venture Group
Madrona has been investing in early-stage technology companies in the Pacific Northwest since 1995 and has been privileged to play a role in some of the region's most successful technology ventures. The firm invests across the information technology spectrum including consumer Internet, commercial software and services, digital media and advertising, networking and cloud computing, and mobile. Madrona manages nearly $1 billion and was an early investor in companies such as Amazon.com, Isilon Systems, and Redfin.
Martin Levy Public Relations
Venture Capital Database