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Tech roundup: Talent.com $120 million deal among funding rounds; CSS Corp acquisition

March 17, 2022

Job aggregator Talent.com announced a $120 million funding round this week. Multiplier announced a $60 million round while Virtual Gurus and Honest Jobs also announced funding. Meanwhile, CSS Corp acquired Directly’s OnDemand business unit.

Talent.com

Talent.com, an online job aggregator, announced a $120 million Series B funding round. The round, in US dollars, brings total funding at the Montreal-based company to $150 million in US dollars. It includes $30 million in new debt financing from the Technology and Innovation Banking Group at BMO Financial Group.

Funding will go toward expansion of its platform and hiring of new team members.

The round was led by Inovia Capital with participation from existing investor Caisse de dépôt et placement du Québec and new investors Investissement Québec, Climb Ventures, BDC Capital, Fondaction and HarbourVest Partners.

Talent.com is available in 78 countries and 29 languages. It displays 30 million jobs from 1 million companies. Talent.com rebranded from its former name, Neuvoo, in 2019.

The company cites The Adecco Group and Gi Group as some of its clients.

Mulitplier

Multiplier, a global provider of employer-of-record, PEO and payroll services, reported a $60 million Series B funding round co-led by Tiger Global and Sequoia Capital India with participation from DST Global Partners.

The round brings total funding to $77.2 million at Singapore-based Multiplier and brings the company’s total valuation to $400 million.

“With this new capital, Multiplier will be able to further accelerate its work towards expanding the global infrastructure, garnering meaningful partnerships and adding new capabilities to our platform,” Multiplier CEO Sagar Khatri said. “Additionally, we are also on a hiring spree, looking for an all-star team across countries, departments and levels, helping us pivot at scale and deliver premium experiences to our customers.”

Multiplier was founded in 2020.

Virtual Gurus

Virtual Gurus, a B2B talent platform that provides virtual administrative assistants, announced an $8.4 million Series A funding round. It was led by Telus Pollinator Fund for Good. Total investment at Virtual Gurus since February 2020 now totals $10.4 million.

The funding will help fuel the Calgary, Alberta-based Virtual Guru’s expansion into the US, which currently accounts for 38% of the company’s revenue.

“One of the most exciting things for me is that we are growing and scaling Virtual Gurus without losing focus of our North Star — our talent from underrepresented communities,” said Bobbie Racette, founder and CEO of Virtual Gurus.

“Social impact will always be embedded into our business model,” Racette said. “We’re proving that we can be a people-first company and a tech company at the same time, and our investors are also clearly aligned with that vision.”

Honest Jobs

Honest Jobs, a platform to assist people with criminal records in getting hired, announced a $1.5 million seed financing round with support from Stand Together Ventures Lab.

Harley Blakeman, who founded Honest Jobs in 2019, is among the 70% of Honest Jobs’ staff who has a felony conviction.

“This fund raise was critical as we have more employers and job seekers signing up than we could service without accelerating our hiring plans,” Blakeman said.

More than 500 companies use Honest Jobs’ platform.

The company noted job seekers with criminal records typically find work within 36 days on the platform, while it takes an average of 200 days using traditional methods.

CSS Corp

CSS Corp, a provider of IT services and outsourced customer support, is acquiring Directly’s OnDemand business unit that provides outsourced technical support and customer service through use of freelancers. OnDemand clients include Microsoft, LinkedIn, Airbnb and Autodesk.

“The Directly OnDemand platform leverages a unique and proven approach to achieving customer outcomes and offering world-class experience through gig experts spread across the globe,” CSS Corp CEO Sunil Mittal said.