French startup Welcome to the Jungle has raised a new $54 million (€50 million) Series C round. The startup is helping other companies recruit new employees more easily by creating sophisticated, information-filled profiles.
Specifically, Welcome to the Jungle will send a photo and video crew to your office so that you can take high-quality photos and record brief interviews with your employees. Essentially, your profile on the platform should look like a featured article in a trendy magazine.
Clients also add details about job postings, benefits, company culture, and existing teams. Job seekers can browse job postings and learn more about companies on the Welcome to the Jungle job board.
The startup has also developed its own applicant tracking system, and some companies use this platform directly for their hiring process. And if you want to make hiring easier, companies can optionally pay for exclusive content, boosted job postings, more metrics, and integration with third-party recruiting tools.
Three existing investors, Revaia, XAnge, and Bpifrance’s Digital Ventures fund, have put in more money. Five of his other investors are joining Cap his table in Welcome to the Jungle — blisce/, Cipio Partners, Groupe ADP, Kostogri (Betclic CEO Nicolas Béraud’s investment firm) and RAISE Sherpas.
Welcome to the Jungle originally started with a tech startup, so there are still plenty of highly skilled job opportunities on the platform. If you live in France and have graduated from a major engineering or business school, you’ve probably seen Welcome to the Jungle in the middle of your job search.
This has changed over time as the company continues to add new clients and industries.It currently attracts 3 million unique visitors per month, according to the company. Currently working with 5,000 customers, the startup generates 30 million euros in annual recurring revenue for him.
This is an impressive earnings metric and likely explains why the company has been able to raise €79 million since its inception in 2015. He already has over 300 people working for Welcome to the Jungle.
“Given the current economic climate, this is quite an achievement. More than ever, we have what it takes to continue to revolutionize the staffing sector and start a new chapter in the history of Welcome to the Jungle. We got it,” co-founder and CEO Jérémy Clédat said in a statement.
Next, Welcome to the Jungle wants to expand to the US. This requires localization efforts and new hires. This is not the company’s first international expansion, as the platform is already live in Spain and the Czech Republic. Of course, startups also have their own profile on the platform to facilitate their recruitment strategy.