LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

LatAm SMS Jobs Startup Emprego Ligado Closes US$7m Series A To Expand

2 September 2014

(TechCrunch) Developing markets such as Latin America are eating up smartphone use, and a startup emerging out of Brazil is making the best use of that trend. Emprego Ligado is a job marketplace which competes with local job sites and staffing agencies for blue-collar Brazilians. In 2012, it got backing from investors including 500 Startups and Initial Capital to crack the Brazilian market. Now it’s won more firepower in the form of a US$7m in Series A funding from an international syndicate of investors including Monashees Capital, Grupo RBS e.Bricks and Qualcomm Ventures. The funding will be used for geographic expansion.

In that region, while there are a number of job boards like Vagas.com.br and Infojobs (with some of them having mobile features) they are essentially resume databases that require time and effort from recruiters.

Founder Jacob Rosenbloom says Emprego Ligado automate’s the recruitment process and claims it’s passed on over 2 million interview opportunities to blue-collar workers in Brazil in 2014, with 18% of users getting a job offer the first day they sign up, 30% within the first week and 60% in the first month. He says hey also end up with jobs closer to home – average distance of 2.5 miles from home to place of work – because this is a mobile experience.

Because of this speed, they Rosenbloom says companies can save as much as $500,000 thousand per month in cost reduction.

It’s interesting to see though that the startup has remained wedded to SMS as a method for job distribution, given it’s efficiency in the Brazilian market.

LatAm SMS Jobs Startup Emprego Ligado Closes US$7m Series A To Expand was last modified: July 26th, 2016 by Editor
Brazile.BricksEmprego LigadoJob SiteMonashees capitalQualcomm Ventures
0
Facebook Twitter Google +

Categories

  • Deals
  • Exits
  • Regulatory
  • M&A
  • New Funds & Firms
  • Partnerships

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.

Tweets

Missing consumer key - please check your settings in admin > Settings > Twitter Feed Auth

Keep in touch

Twitter Linkedin Youtube

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Office

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

Explore LAVCA.org

  • About LAVCA
  • Board, Team, & Advisors
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top