JobGet Announces $52M Funding
JobGet, a mobile app for hourly workers, announced that it has raised $52M in Series B funding including $12M in venture debt financing. JAZZ Venture Partners and Sanabil Investments co-led the round, with participation from Pillar VC and numerous other investors. The company also greatly deepened its executive bench to accelerate its mission to help the hourly workforce thrive.
JobGet's rise comes at a fortuitous time for a U.S. economy suffering from a structural disconnect between the estimated 10 million job openings and 6 million U.S. workers who are out of work. Studies have shown that hourly job seekers are proactive about applying to jobs using available solutions, yet employers are unable to find the talent they need to grow. This issue is especially acute in the hourly space that is JobGet's focus.
JobGet's first solution is an app that facilitates direct connections between job seekers and hiring managers. On JobGet, hourly workers can discover local opportunities instantly, connect with one click, and directly speak with the people who can hire them. In many cases, job seekers go from creating a quick mobile profile to being hired within hours or even minutes.
Hourly workers have flocked to JobGet, which has already been downloaded nearly 2 million times and is one of the top leaders in monthly downloads, active users, and user satisfaction according to mobile analytics firms Sensortower and Apptopia.
"Our app is just the beginning. We are building a new type of platform that enables deeper relationships between our talented hourly workers and hiring managers, with intelligent technology connecting both to better opportunities," said CEO and Co-Founder Tony Liu.
Employers have noticed, too. More than 50,000 companies have used JobGet to post jobs, including Home Depot, California Pizza Kitchen, Showcase Cinemas and Taco Bell. JobGet is also helping candidates start hundreds of thousands of conversations with employers every month.
Now the company is doubling down by adding two veteran executives to its executive team:
- Ryan Eberhard, formerly Chief Product Officer at ZipRecruiter, has joined as President to double down on product innovation and accelerate growth across all areas of the business.
- Louisa Cartwright, formerly Vice President of People at Headspace, is now Vice President of People at JobGet, bringing her passion for operational excellence and human centered design to JobGet.
"We're delighted to continue to support JobGet's explosive growth," said Zack Lynch, Managing Partner, JAZZ Venture Partners. "The company has deepened its executive bench with rich expertise that will turbocharge their efforts to transform the job seeking experience for hourly workers."