Job search engine Adzuna raises £8M Series C from Smedvig Capital
Summary
It launched first in the U.K. in 2011 but has since expanded to 16 countries, in which co-founder Doug Monro tells me the U.K., the U.S., Germany, Netherlands, France and Brazil are its strongest markets.“Some additional revenue is generated through labor 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 a major recent win for the company that saw it displace competitor Monster who ran the pre-existing Universal Jobmatch service for the U.K. government’s Department for Works and Pensions.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 most direct competitors are these days, Monro says there are a number of other job search engines that aggregate content in a similar way but that he believes the startup is taking the market to the next level by bringing innovative tools and smart data to bear, such as the ValueMyCV tool and machine-learning based matching.