Armed with new capital (following a recent 8 million Series C round) and now doing 1 million per month in revenue, job meta-search engine Adzuna has acquired the U.K.
tech startup job board Work In Startups.Terms of deal arent being disclosed.
However, it will see Adzuna take over operation of the Work In Startups website but continue to run it as an independent brand and community.
Notably, the site will remain free to post jobs.Launched in 2011 by Diana Ilinca and Alex Borbely, Work In Startups set out to create a way for startups to more easily find tech and creative talent, without having to go through recruiters or use more generic job sites.
It is said to have become an important tool in U.K.
startup hiring over the past few years, and, I understand, has been used by Adzuna itself.As we continue to grow and learn more and more about the market, weve realised that generalist search is not always the best solution for all jobseekers/employers, and sometimes a focussed, niche site can offer a more tailored experience and build a stronger community, Adzuna co-founder Andrew Hunter tells me.Tech startup jobs and companies are cutting-edge, early adopters and have very particular needs and this is truly a really strong but underdeveloped market-leading community asset with a freemium model like Adzuna.
So its a great way for us to learn better how we can take what were good at tech, traffic acquisition, data etc.
and apply it to create more value for a site like this and its users.Related to this, Adzunas data shows there are currently 1.1 million open job roles in the U.K.
and that 90,000 (more than 8 percent) are in tech.On a personal note, I want to make hiring great people easier and less expensive for U.K.
startups, continues Hunter.
Ive been through the struggle and its f***ing hard to attract the best talent when your company is just getting going (let alone having to compete with big banks and established tech companies for talent!).
Wed like to change that by taking on this community and growing it to new heights.With that said, he cautions me not to expect other imminent acquisitions.
Would we do other similar acquisitions in the future For now, its a one-off but maybe for right asset, says the Adzuna co-founder.