Target Information

Founded in 2015 by Pascal Lorne and based in Aix-en-Provence, GoJob is a leader in the European temporary employment sector. Known for its innovative approach, GoJob operates as a fully digital agency that connects recruiters with potential temporary workers. As of now, the company boasts a significant achievement with over 25,000 temp workers placed by more than 500 companies across France, showcasing its robust market presence.

The company has experienced impressive growth since its inception, demonstrating a remarkable 300% surge in recruitment activity in the fourth quarter of 2017 alone. This impressive track record positions GoJob as a pivotal player in the evolving landscape of digital recruitment services.

Industry Overview

The employment services industry in France has been undergoing a transformation, particularly with the increasing reliance on digital solutions to address job placement needs. Temporary employment is becoming more prevalent as companies adapt their workforce to remain agile and responsive to market demands. As a result, digital platforms like GoJob represent the forefront of this evolution.

France's temporary job market is characterized by an increasing number of temporary staff requests. Businesses are now more inclined to leverage flexible staffing to mitigate risks and manage costs effectively. The rise of digital technologies has allowed agencies to streamline the hiring process, bridging the gap between employers and potential employees efficiently.

Moreover, the legislative environment in France is geared towards making temporary employment more accessible. Recent reforms have sought to enhance the appeal of temp work, making it a viable option for both companies in need of workforce flexibility and individuals seeking job opportunities. This trend confirms that the market is ripe for innovative recruitment solutions.

This backdrop of increasing demand and legislative support provides a conducive environment for digital recruitment platforms to thrive. It exemplifies why companies like GoJob, which have successfully embraced technology to simplify the hiring process, are positioned for sustained growth and success.

Rationale Behind the Deal

The €17 million financing round announced by GoJob serves multiple strategic purposes aimed at enhancing the company's operational capabilities. By investing in the development of new key functionalities, including improvements to the time sheet management system and digital contracts, GoJob aims to reinforce its market position and improve user experience.

In addition, the funding will allow GoJob to expand its team by hiring 20 new staff members. This growth is vital to optimizing the matching algorithms that drive the core of GoJob's business model, fostering better connections between temp workers and companies that need their services.

Investor Information

The financing round was led by Breega Capital from France, with participation from Kois Invest in Belgium and a consortium of prominent business angels and banking partners. Breega Capital specializes in supporting ambitious tech companies, providing not only financial backing but also strategic guidance to help expand their market reach.

Kois Invest, recognized for its focus on developing innovative businesses in Belgium and beyond, brings additional expertise in scaling startups efficiently. Together, these investors are well-positioned to contribute to the growth trajectory of GoJob, leveraging their industry knowledge and networks.

View of Dealert

As experts in deal analysis, we view this investment in GoJob as a highly strategic move. The company's pioneering approach in the digital recruitment landscape aligns perfectly with current market trends emphasizing flexibility and efficiency. Given the supportive regulatory environment in France for temp employment, GoJob is likely to benefit significantly from this additional capital.

The financing round enables GoJob to enhance its technological capabilities, which is critical in a space that is becoming increasingly competitive. By streamlining its processes and improving its platform, GoJob has the potential to increase both the quality and speed of placements, thereby attracting a growing number of business clients.

Furthermore, the team expansion aimed at optimizing algorithms is a wise investment. In a digital landscape where data-driven decisions are paramount, improving the matching process will likely enhance user satisfaction and overall operational efficiency, directly leading to increased revenues.

In conclusion, GoJob is well-positioned to capitalize on its unique market advantages with the support of experienced investors. This deal is a promising opportunity that could yield positive long-term returns as the company continues to innovate and capture a larger share of the ever-evolving temp employment sector.

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