JobGet raises $52 million with ambition to become LinkedIn for shift workers – Meczyki.Net

LinkedIn, now with more than 830 million users, has carved a niche for itself as a hub for the world of professional workers: a social network optimized for people in knowledge and related industries looking for jobs. Are or are recruiting to fill job openings; to connect people to others in their profession; And for those thinking about the world of work and professional development.

Today, a startup called jobgate is announcing $52 million in funding to fuel its ambitions to create a similar type of go-to hub for a related, but actually very different, sector of the labor market: wage or hourly workers.

Created specifically for them, JobGet offers them the opportunity to list jobs and connect with others doing similar jobs; Access for recruiters to tap people for openings near them; and more tools down the line such as training and development to help them along their career ladder.

“Our ultimate vision is to be home to the hourly workforce,” said Tony Liu, CEO and Co-FounderNot only job search but career progression, connecting with your community and much more. ,

The funding, a Series B, is coming in the form of $40 million in equity and $12 million in venture debt. Jazz Venture Partners and Sunbill Investments are jointly leading the round, with Pilar VC and undisclosed others also participating. liu The loan is intended to “give us optionality” for potential partnerships and acquisitions, it said in an interview, while the equity will be used to hire more talent and build its product set organically.

Currently, many countries, including the US, where JobGate is active, are reeling from recession and battling inflation, two factors that may ultimately hint at rising unemployment rates for hourly workers. Liu believes that even if it were to happen (it Not yet), regardless of the state of things, would require a platform like JobGet.

“The slowdown can be two-sided,” he said. “It doesn’t matter which way the market moves because we always see a need to hire people, job seekers or employers. For us we haven’t seen an impact in the market until now.”

However there are still a large number of jobs that are yet to be filled 10 million job openings; And even if unemployment is on the decline, 6 million American workers are still out of work.

JobGate is already making some progress in connecting with hourly workers looking for work and recruiting them. It has exceeded 2 million downloads of its mobile app (it is not disclosing the active users) using its website to over 10 million, Liu said. Meanwhile, the number of companies posting on the site has now grown to 50,000, up from just 1,000 three years ago when the startup first opened for business. The list of companies includes Home Depot, California Pizza Kitchen, Showcase Cinemas and Taco Bell.

Interactions between organizations and individuals on the platform tripled last year to 300,000, with many more continuing over email.

By comparison, those numbers are still only a drop in the bucket for the total number of people working shift work. In the US alone that number is upwards of 83 million, according to the U.S. Bureau of Labor Statistics,

Liu came up with the concept for Jobgate in the same way that many ideas are created: from direct experience. In his case, his family emigrated from China to Canada, and what he describes as a “blue-collar immigrant family”.

Originally, the types of jobs his parents could get were limited by his language skills, and his mother ended up working as a cook in the kitchen. Growing up on a different trajectory, one where he was exposed to other kinds of demographics, Liu wondered why his mother had job prospects, and the way she went about job searching – often from one location to another. Going and filling out forms – was not quite similar to how other people in salaried occupations look for work.

The gap between those two labor demographics, of course, doesn’t end there, but one of the positive outcomes of all our technological advances is the ability of some entrepreneurs to identify those gaps; To understand that just because you’re a low-paid employee doesn’t mean you’re not qualified and expect good things to happen; and build to meet that need. And that’s what JobGet is trying to do here as well.

“We’re trying to take a human-centered product approach,” Liu said.

The company is now actively recruiting employees and has recently made some interesting appointments on the executive front, including Ryan Eberhard, former CPO of ZipRecruiter, who is now chairman; And Louisa Cartwright, formerly the VP of people at Headspace, is joining a similar role at JobGate.

The company is still in its early stages, both in terms of its larger product roadmap and what it is doing with its business model. Companies currently pay for job listings, and while that appears to be the primary revenue line, there are no plans yet for advertising or paid subscriptions — two other areas where LinkedIn monetizes.

It also raises the question of why we need “LinkedIn for hourly workers” if LinkedIn already offers a lot of services targeting those users.

Liu said he believes LinkedIn is probably “unnecessarily more complex” than what is needed for the shift-working world. “It’s really pretty much geared for the ‘white collar’ space,” he said. As an example, he cited an application for dishwasher status, which “had a lot of questions. It’s just too disconnected.” Others, such as Facebook, have tried to do more in this area; And indeed Workplace, Facebook’s version of work that targets businesses with large numbers of shift employees; potentially laying the groundwork for catering to that demographic. But it seems there are a lot of other things to tackle as well. , Liu said.

This leaves an opening for a new player, who is expected to be Jobgate.

“We are delighted to continue to support JobGate’s explosive growth,” Jack Lynch, managing partner at Jazz Venture Partners, said in a statement. “The company has deepened its executive bench with rich expertise that will turbocharge their efforts to transform the job search experience for hourly workers.”