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Venture Capital News: Jobaline Announces $4.3M in Series A

2013-10-08
KIRKLAND, WA, Blingual, mobile hourly job marketplace announced a $4.3 million Series A investment from Madrona Venture Group, Rudy Gadre and other angel investors.
Jobaline, the bilingual, mobile hourly job marketplace, today announced that they have processed more than 150,000 job applications, making it the fastest growing marketplace for hourly jobs by capturing in five months over 7 percent of the addressable workforces in Seattle, Miami and San Francisco Bay area. To fuel growth, the company announced a $4.3 million Series A investment from Madrona Venture Group, Rudy Gadre and other angel investors.

Launched publicly five months ago, Jobaline's mobile marketplace seeks to enable the 74 million hourly workers in the United States, 59 percent of the total workforce, to find and apply for jobs from any computer, tablet, or phone in English or Spanish. With more than 60 percent of hourly workers preferring a mobile job search and 90 percent using text messaging, Jobaline's mobile web and SMS application process connects employers with qualified employees.

'Jobaline's marketplace exponential growth due to an ads-free, bilingual, mobile and text based job applications demonstrate the market has changed dramatically, and recruitment efforts by the nation's small and largest employers have to change with them,' said Luis Salazar, CEO and co-founder of Jobaline. 'By focusing on the job-seekers needs, including unique characteristics of this demographic, and optimizing for efficient matching of workers with jobs, we reduced the friction and inefficiencies related to the overall job placement process. We look forward to growing our footprint nationally in the coming months and helping serve hourly workers who are the majority of the American labor force.'

Madrona Ventures and Angel Investor Rudy Gadre led the $4.3 million with participation of additional investors from New York, Seattle, San Diego and the San Francisco Bay area. With its first round of funding, Jobaline plans to expand their presence nationally, grow their community off workers and double up the size of its engineering and sales teams.

'We invested in Jobaline because it solves the key issues facing millions of hourly workers and their employers,' said Greg Gottesman, Managing Director of Madrona Venture Group. 'Hourly workers use mobile devices as their primary connection point, but they can't easily apply for jobs using their phones. Applications are in English when often the applicant speaks Spanish. If you're an employer looking to hire quality hourly employees, Jobaline is the solution to connecting you with those who qualify and align with your needs.'

About Jobaline

Jobaline is a mobile and bilingual hourly-jobs marketplace, enabling the more than 74 million hourly workers in the U.S. to find and apply for jobs from any computer, tablet or phone. With more than 60 percent of hourly workers preferring a mobile job search and 90 percent using text messaging, Jobaline's mobile web and text messaging application process seamlessly matches employers with qualified employees. By using Jobaline, recruiters receive up to 10 times more qualified local applicants in half the time and save up to 80 percent in acquisition costs. Jobaline is a private company headquartered in Kirkland, Wash. For more information, visit www.jobaline.com.
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