The blue collar jobs app, Cornerjob, closed another round of funding recently, this time they received €22.5 million led by VC firm Northzone. In addition, E.ventures and previous investors in the startup also participated in the latest funding round.
Only few months ago, Cornerjob boxed €9 million in their series A, making their total funding this year €31.5 million.
First mover frenzy
Although Cornerjob is aiming at serving low-skilled workers in high turnover industries, the first-mover advantage is obvious as the jobs apps area is getting more crowded by the months, both by Spanish and international startups.
Their two biggest competitors in Spain recently closed rounds of funding. Madrid-based Jobandtalent with their recent €38 million round, and JobToday, which operates in Madrid and Barcelona received €8.25 million, led by Accel Partners.
According to Cornerjob, they’re focusing more on making good tools to speed up the hiring process, compared with other companies with a bigger focus on temporary staffing.
CEO of Cornerjob,David Rodriguez, told Techcrunch that they’re catering a much wider range of companies, who’s not usually use temp agencies.
1 million MAU’s
A growing trend in Barcelona, and especially among Antai startups, is the media for equity deals. 4.5 of the 22.5 million of Cornerjob’s latest round is media for equity by Mexican media giant TV Azteca’s new media for equity fund.
It’s a natural move, as the fund is managed by Antai themselves.
Until now Cornerjob has been holding their statistic-cards close, but now reveals that they have 1 million monthly active users, according to co-founder Miguel Vicente.
The app is growing, and publishes close to 40.000 jobs offers every month, Techcrunch writes.
After its series B, Cornerjob aims at expanding into yet another major European country, without revealing which country that will be.