Adzuna, the meta-search engine for jobs, has raised £eight million in Series C investment from Smedvig Capital. The U.Okay. corporate’s earlier backers come with Index Ventures, Passion Capital, LocalGlobe, and over 400 Crowdcube traders. It takes overall investment to £12 million.
Founded through the group in the back of Gumtree, Zoopla and Qype, Adzuna necessarily aggregates activity listings around the internet to provide a unmarried vacation spot to search for a task. It introduced first within the U.Okay. in 2011 however has since expanded to 16 international locations, wherein co-founder Doug Monro tells me the U.Okay., U.S., Germany, Netherlands, France, and Brazil are its most powerful markets.
“We’re growing very quickly in several of the others. We are really excited about the growth we are seeing in the U.S. in particular,” he says.
Across the 16 websites Adzuna operates, the roles search engine is seeing 10 million per month guests, and has 7 million registered customers. “Millions” of CVs were uploaded to the website — without a doubt drawn in through Adzuna’s data-driven “ValueMyCV” instrument — and it lately aggregates five,000 resources of jobs. But, most likely extra importantly, given its Series C backing, the corporate is disclosing over £1 million in per month income.
Adzuna generates income through referring activity seekers to jobs. Job commercials are integrated without cost in its search index to make sure it all the time lists each activity to be had, however advertisers have the ability to advertise listings on a CPC foundation very similar to Google Adwords. “Some additional revenue is generated through labour market data sales and of course now from the Find a job contract which is publicly disclosed,” says Monro.
The ‘Find a job’ contract is primary contemporary win for the corporate that noticed it displace competitor Monster who ran the pre-existing Universal Jobmatch provider for the U.Okay. executive’s Department for Works and Pensions. The publicly procured contract is claimed to be value £2.five million according to yr.
“We’d been talking to the DWP for a number of years about our vision for how we could help use our tech to help make their service better,” Monro tells me. “Last year they decided to put the Universal Jobmatch out to tender. As a startup with little govtech experience, we thought we had very little chance, but with the help of the Public.io team, we gave it a shot. There was a lot of paperwork and processes to navigate, and we were lucky to have great mentors to help guide us through this, but we were also pleasantly surprised with how agile and open to change the DWP team were”.
Meanwhile, on who Adzuna’s maximum direct competition are nowadays, Monro says there are a selection of different activity search engines that mixture content material similarly however that he believes the startup is taking the marketplace to the following degree through bringing leading edge equipment and good information to endure, such because the ValueMyCV instrument and machine-learning based totally matching. “It’s a huge market and we are focussed on building the best solution for job seekers. We see ourselves as competing in that sense with the likes of Indeed, Ziprecruiter and LinkedIn,” he says.