According to a report by the Wall Street Journal, Silicon Valley startup Welcome to the Jungle has raised $54 million in a Series C funding round, led by Index Ventures.
Welcome to the Jungle is a Job platform that helps companies post job openings and find the best candidates for the role. The platform is free for job seekers.
The company was founded in 2014 by CEO and co-founder Loic Le Meur. Le Meur is a serial entrepreneur, and he also co-founded the popular blogging platform Blogger.
With the new funding, Welcome to the Jungle plans to expand its team and continue building its job platform. The company is headquartered in San Francisco. Welcome to the Jungle, a slick job platform, has nabbed $54 million in funding.
The Paris-based startup, which is less than four years old, has raised $88 million to date.
Welcome to the Jungle aims to make job hunting easier and more fun by offering engaging content and tools, such as a salary calculator and company reviews.
The company also has a strong focus on mobile, with a app that lets job seekers search for jobs, get personalized recommendations, and apply for jobs with a few taps.
With its latest round of funding, Welcome to the Jungle plans to expand its reach to more countries and grow its team.
Welcome to the Jungle is off to a strong start in its mission to make job hunting easier and more fun. The company has a great product, a strong focus on mobile, and a clear plan for how to use its latest round of funding. We’re excited to see what Welcome to the Jungle does next. Welcome to the Jungle, which operates a job discovery platform, has raised $54 million in a series D round of funding led by Accel.
The company operates a portal that helps companies post job listings and receive applications from interested candidates. It also provides tools to help companies assess applicants and track their progress through the hiring process.
In addition to Accel, Welcome to the Jungle’s new investors include Cathay Innovation, Founders Future, Idinvest, Team8, and Troy Capital Partners. The round also saw participation from existing investors Alven, DST Global, GFCA, Partech, and Project A.
Welcome to the Jungle has now raised a total of $105 million since it was founded in 2014. The company says it will use the new funding to continue its expansion in Europe and the U.S., as well as to build out its product offerings.
This round of funding comes as the global job market is undergoing a major shift. The COVID-19 pandemic has resulted in widespread layoffs, and many companies are now reconsidering their hiring plans.
Welcome to the Jungle is well positioned to capitalize on this change. The company’s platform can help companies adapt their hiring strategies to the new reality, and its data-driven approach can help them identify the best candidates for the available jobs.
The company is also expanding its focus beyond job listings. It recently launched a product called Jungle Scout, which helps companies assess the skills and experience of their existing workforce.
Jungle Scout is a valuable tool for companies that are looking to identify potential candidates for promotion or to fill vacant positions. It can also help companies identify employees who may be at risk of leaving their jobs.
Welcome to the Jungle’s expansion plans are ambitious, but its platform and products are well suited to the needs of the current job market. With its latest round of funding, the company is well positioned to continue its growth and to help companies navigate the challenges of the new job market.