Talent.com raises $120 million to disrupt the job search market and take on Indeed, Monster, and Zip Recruiter

The job search space has evolved rapidly over the last decade. Smartphones and mobile apps have made it easier for job seekers to search with just a few clicks. However, the current job search market is dominated by companies like Indeed, Monster.com, and ZipRecruiter. Now there’s a new sheriff in town.

Enter Talent.com, the world’s fastest-growing next-generation job search platform that connects companies with the best candidates, no matter their budget, number of job openings, or technological capabilities. We first wrote about the Montreal-based recruiting startup in 2019 after it rebranded from Neuvoo to Talent.com. The startup spent $1.3 million to buy a matching domain name Talent.com to become a platform that connects job seekers with companies

Today, Talent.com announced it has raised $120 million in Series B funding to accelerate the growth of its next-generation job search platform. The round was led by Inovia Capital, with the participation of existing investor Caisse de dépôt et placement du Québec (CDPQ), and new investors Investissement Québec, Climb Ventures, BDC Capital, Fondaction, and HarbourVest Partners.

Talent.com will use the fresh capital infusion to further expand its user-centric, programmatic job search platform by improving the relevancy and efficiency of the job search experience for job seekers. The funds will also be used to hire new team members globally, invest in product development, further establish the brand and scale its newest solutions for SMBs.

Founded in 2011 Benjamin Philion, Lucas Martinez, and Maxime Droux, the Montreal, Quebec, Canada-based Neuvoo offers a job search engine where people can search for all types of employment and for particular salaries. Its platform provides Job Search Engine, Tax Calculator, Salary Comparison Tool tools. Neuvoo is Canada’s answer to Indeed.com and Monster.com.

“We’re thrilled to have reached this exciting milestone in the life of our company,” says co-founder and co-CEO Lucas Martínez. “With this new investment, we look forward to further strengthening our position as a leading global next-generation job search platform by hiring top talent and increasing our investment in product and R&D.”

Talent.com is available in 78 countries and 29 languages and currently employs 400 people globally. Its proprietary technology matches job seekers with relevant job opportunities while its pay-per-click model helps recruiters easily adjust their job advertising campaigns based on performance.

The platform is one of the largest sources of employment in the world, displaying more than 30 million jobs from 1 million companies, with repeat and growing engagement from international brands. Talent.com has consistently been featured as one of the fastest-growing companies in the rankings of the Financial Times, The Globe and Mail, and Deloitte’s Technology Fast 500.

“The race for talent has only been accentuated by the significant challenges that businesses are facing right now. Talent.com has rapidly grown to become one of the largest and most international platforms for employers to source and recruit”, says Chris Arsenault, Partner at Inovia Capital. “This partnership is prompting a new phase of growth as they launch a suite of value-added products to become a true job-seeker-centric platform.”

“Talent.com continues to be a disrupter of the very large global recruiting industry and is well-positioned to accelerate its impressive expansion through its ability to adapt to the changing market and technology,” says Alexandre Synnett, Executive Vice-President and Chief Technology Officer at CDPQ. “Since our first investment in 2019, the company has tripled in size, and we are committed in supporting its future growth.”