Oltre Impact has invested €6 million in JobTech, a technology-driven scale-up aimed at improving the employment sector in Italy.

Target Company Overview

JobTech is a scale-up company focused on enhancing the employment sector in Italy. With a commitment to creating a more equitable labor market, JobTech aims to expedite the job search process, ensuring that job seekers find positions that align with their expectations and skills. Founded by co-founders Paolo Andreozzi and Angelo Zamboni, JobTech has developed an end-to-end recruiting platform designed to digitalize and streamline the hiring process. Through this innovative platform, JobTech manages critical components such as sourcing, screening, interviews, offers, onboarding, and payroll, allowing companies to focus on building valuable relationships with candidates.

In an ever-evolving labor market, JobTech has made significant strides, achieving a revenue of €10 million in 2022, which reflects a remarkable growth of 156% compared to the previous year. The firm has expanded its workforce to 70 employees and established a client base of 400 across Italy. Most notably, in 2022 alone, JobTech facilitated the successful hiring of 3,500 individuals, marking its impact in reshaping the employment landscape.

Industry Overview in Italy

The employment landscape in Italy has faced complex challenges, particularly with youth unemployment rates soaring to 23% in 2021. This persistent issue is exacerbated by a generation increasingly driven to seek opport