Smedvig Capital Invests £8m in job search engine Adzuna
Adzuna is thrilled to announce that it has raised £8m from Smedvig Capital. The Series C funding round sees Smedvig join backers Index Ventures, Passion Capital, LocalGlobe and over 400 Crowdcube investors and takes the company’s total funding to £12m.
Alongside the fundraising, and following a competitive process to win the contract, the company has successfully launched Find a job this week, replacing Universal Jobmatch. As one of the largest online government services, Find a job connects millions of jobseekers with thousands of employers online and through job centres around the UK. The new website offers a fast, simple experience and powerful search using Adzuna’s technology, matching jobseekers to employers’ available roles quickly and effectively.
Funding Will Be Used to Better Job Search
The new funding will be used to invest in Adzuna’s technology, including it’s market-leading search and machine-learning platform that brings together millions of job ads in one place. Not only will this improve the smart search options and powerful job market data that the site already produces – it puts Adzuna right on track to achieving its mission of matching jobseekers to better and more fulfilling roles.
Key priorities for 2018 and beyond include will also include growing Adzuna in the UK and internationally by expanding the company’s cutting-edge development and data science teams and rapidly expanding the recently-launched US market. All in all, it looks like an exciting future for the team!
Doug Monro, co-founder of Adzuna, commented: “We are proud of the world-class team and platform we have built at Adzuna, and are well on our way to achieve our mission of helping millions of people globally to find better, more fulfilling jobs. The business is already profitable, but we’ve decided to raise this round to grow even faster. Working with Smedvig has been a pleasure and they were a natural choice for the next stage of our growth. Their particular brand of patient capital delivered by an experienced, analytical team stands out from the boom or bust approach of some other VCs. We look forward to achieving great things together.