Mobile recruitment specialist Assured Labor has closed a USD5.5m funding round led by Capital Indigo.
Capital Indigo joins existing investors Great Oaks Venture Capital, Nexus Venture Partners, Kima Ventures, Enzyme Venture Capital, Fabrice Grinda and Jose Marin.
“Our digital recruitment platform is taking off in Mexico and Brazil and we couldn’t be happier to add such an accomplished partner,” says David Reich, founder and chief executive of Assured Labor. “With over 1,000 employers joining Assured Labor each month, this investment will enable us to meet that demand by growing our engineering and sales teams while solidifying our market leadership position in the mid-to-low wage segment.”
“The recruitment market in Latin America is ripe for disruption and nothing comes close to Assured Labor’s offering for recruiting lower wage job seekers. We look forward to supporting the company’s growth in Latin America and beyond,” says Bernardo Paashe, managing partner, Capital Indigo, who will be joining Assured Labor’s board of directors along with Everardo Camacho, managing partner, Capital Indigo.
Assured Labor’s brands in Mexico and Brazil have grown to become Latin America’s premier services for recruiting mid-to-low wage full-time employees. By leveraging the internet, SMS, voice user interface and social media, Assured Labor enables companies to rapidly identify and reach the best job seekers in their area. It has 500,000 registered job seekers and 16,000 employers.