Québec City-based web recruiting company Jobillico has raised $8 million in financing. The investors included Capital régional et cooperatif Desjardins (CRCD), a retail fund managed by Desjardins Capital de risque. Founded in 2007, Jobillico provides an online recruitment solution that matches employers with a pool of potential hires. At present, some 650,000 Canadian job seekers use its platform, the company said. Jobillico will use the funding to back its “westward expansion”, including further growth in Ontario. The company opened a Toronto office in 2015. The funds will also support product development and strengthening of Jobillico’s market position in Québec.
Jobillico raises $ 8 million to fuel growth and innovation
The fastest growing web recruiting company in Canada has secured financing to drive its expansion nation-wide.
QUÉBEC CITY, Feb. 1, 2016 /CNW Telbec/ – Jobillico, the acknowledged leader on the recruiting market in the province of Québec, is announcing a financing agreement to drive its westward expansion. Jobillico has teamed up with Capital régional et cooperatif Desjardins, a subsidiary of the Desjardins cooperative financial group. The investment will total $ 8 million, some of it from private investors.
“With the great response we are already experiencing in Ontario, this financing will further boost our expansion. It will also allow us to further develop our products and technologies and tailor them to our clients’ needs as well as strengthen our position of leadership in Québec” said Serge Lavallée, Jobillico’s Finance VP and cofounder.
“This is a milestone for us” added Nicholas Chabot, President and cofounder. “The huge changes in the employment market initially inspired a business model designed to allow employers to recruit differently. Nowadays, an employer can’t just post a job when a vacancy needs to be filled. Who’s to say if the best potential candidate is out looking for a job when you happen to post? You could be days too late or months early. Your paths will never meet. You need to be visible to the whole pool of potential hires year-round and you need to promote yourself as a great employer. You need to stand out. This approach has allowed us to revolutionize web recruiting and to build an expanding community of talent in Canada.”
The results say it all: 6000 businesses in Canada have now adopted the solution, 650,000 job seekers use Jobillico and the platform gets more than 16 million visitors per year. Since the grand opening of its Toronto office last fall, the company has already cumulated 600 clients on its network.
For Capital régional et cooperatif Desjardins, the partnership with Jobillico was a given: “Jobillico has developed a business model that is unique in Canada. ‘Determination’ is the best word to describe their team. Their capacity to fully understand the market and to elegantly harness technology in the service of people lies at the heart of their success. Our investment will nurture the company’s growth and underscores our vision of a technological sector in Québec capable of nation-wide presence” stated Luc Ménard, Main VP of Investments at Capital régional et cooperatif Desjardins.
Jobillico’s notoriety is always on the rise and the company has recently been applauded by its peers by winning the awards for New Business and Business of the Year at the 2015 edition of the Fidéides. It also won the 2015 Trophées Vision award for innovation. Both are highly regarded events in the province.
With its characteristic energy, Jobillico has been revolutionizing the job market for 5 years now. Every day, our innovative web solution creates the perfect match between the 6000 businesses and 650,000 job-seekers that are part of our network. At Jobillico, we believe that everyone deserves to be happier. And that begins with a job that can help you reach your full potential.
With the huge changes taking place on the employment front, we believe that employers cannot passively wait for vacancies to happen before they think of recruiting. The reason for that is simple: the chances that the best possible person for you to hire is actively looking for a job when you happen to post are getting slimmer every day. This is why we are building the biggest recruiting network coast to coast: to create a space where the best talent can meet the best potential employers. Our solution provides a window into a business that is open at all times. It provides year-round visibility and all the opportunities for the business to shine as a great employer. In addition, our network of 6000 employers makes full use of collaboration to attract and share talent – a Jobillico concept that is unique nation-wide!
But, first and foremost, our company is a team of 75 passionate people dedicated to the idea that everyone deserves to be happier at work. For us, Monday mornings are happy mornings.
For more information, visit www.jobillico.com and follow us on our blog and on LinkedIn, Twitter and Facebook.
About Capital régional et cooperatif Desjardins
Capital régional et coopératif Desjardins (CRCD) has a real affinity for SMEs. Since its inception in 2001, CRCD, a public corporation, has actively participated in Québec’s economic development. Together with its manager, Desjardins Business Capital régional et coopératif, CRCD has deployed innovative and unparalleled solutions in the entrepreneurial market in the form of various partnerships that now form its ecosystem. With over 100,000 shareholders and net assets of $1,593 million, CRCD is a lever of choice for cooperatives and regional SMEs seeking to achieve their full potential. As of June 30th , 2015, CRCD and its ecosystem has supported the growth of 388 companies, cooperatives and funds in various industries spanning all regions in Québec, while helping to create and retain 62,000 jobs. (www.capitalregional.com).
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