SA recruitment startup Jobjack raises $2.5m pre-Series A

Daba Finance/Jobjack raises pre-Series A

BREAKING NEWSNovember 7, 2023 at 1:47 PM UTC

South African recruitment startup Jobjack has successfully secured around $2.5 million in pre-Series A funding to target entry-level recruitment in the country with its tech-driven solutions. The round was led by NEXT176 and included participation from the Michael & Susan Dell Foundation.

Launched in 2018, the startup operates as a web-based platform that is freely accessible to job seekers seeking entry-level employment. It guides job seekers through the process of creating CVs and facilitates direct applications for job opportunities using mobile phones, currently offering data-free access for users on the MTN and Vodacom networks.

Jobjack claims to have attracted nearly 2 million job seekers to its platform, with an additional 2,000 new registrations occurring daily. The funding is expected to help it expand operations and further develop its network across South Africa.

Key Takeaways

For companies seeking global expansion, particularly in sectors like technology, agribusiness, NGOs, financial services, construction, and engineering, Africa presents immediate opportunities. The continent boasts a combination of a burgeoning population, a skilled workforce, promising economic growth, substantial infrastructure development, and favorable investment policies. However, businesses often encounter challenges when it comes to finding the right talent to meet their specific needs, and this is where Jobjack steps in. It aims to address the talent gap by onboarding Africa's extensive pool of young talent, helping companies better find employees. Leveraging this local talent pool, large corporations can seize the potential for growth and success in Africa's diverse and promising markets.

Jobjack

South Africa

Next176

Michael & Susan Dell Foundation

MTN

Vodacom