Adzuna.co.uk, the fastest-growing job search engine in Europe, which is backed by venture capital firms Index Ventures, The Accelerator Group and Passion Capital, has raised over £1.5m and is overfunding for the last week of its campaign.
Capital raised from the campaign will be used to grow internationally and invest in Adzuna’s technology, building on a market-leading search and machine-learning platform that brings together over one million UK job ads in one place, and adds smart search options and powerful data about the job market.
More than 400 ‘crowd’ investors, have backed the ‘Get Britain Working’ campaign so far ranging from CEO’s and Tech Celebrities such as Sherry Coutu (CBE) and Klaus Nyengaard (former Just Eat CEO) to university students and plumbers. The largest single investment to date is more than £200,000. The average investment size is £3,765 and the smallest amount invested is £13.
Existing Adzuna investor Robin Klein, founder of The Accelerator Group and widely recognised as one of Europe’s top investors, said he was delighted to have achieved so much in such a sort amount of time.
“We’re delighted to be working with Andrew and Doug, experienced entrepreneurs with great track records from Gumtree, Qype and Zoopla.”
“The Adzuna team has achieved a great deal in a short period of time, and we believe the innovations they continue to bring to the market will change the way people search for jobs, globally.”
The site already attracts six million visits a month and has helped hundreds of thousands of people find jobs. In addition to listing over 1m UK vacancies, the sites ‘ValueMyCV’ technology helps British jobseekers understand what they are worth in today’s job market and helps match them to better, more fulfilling careers.
Luke Lang, co-founder of Crowdcube, said: “Enabling people to invest in some of Britain’s brightest young companies, alongside world-renowned venture capital firms and acclaimed angel investors, on Crowdcube is now commonplace and vividly shows how we’ve become an accepted part of venture capital landscape in the UK.
“VC-backed, high-growth businesses, like Adzuna, with seasoned management teams, demonstrable market traction and global ambition are at the vanguard of this transformation, which marks a decisive tipping point as crowdfunding gains critical mass and comes of age.”