Jobbatical, a Tallinn, Estonia-based AI-enabled platform focused on making employee relocation easy, announced that it raised €11.6 million in Series A funding.
The round was led by Inventure VC, with the participation of Karma VC, Metaplanet, and current owners Union Square Ventures and Swiss Post.
Several angels, such as Joe Zadeh, the former Head of Airbnb Experiences, and Devotion Ventures, also participated in this round.
Jobbatical plans to use the money to expand into 30 new markets.
“Smart employers love the idea of hiring from abroad. But confusing, often seemingly impossible paperwork is stopping perfect hires from happening. Which is ridiculous. And the opposite of thinking beyond borders. So Jobbatical started doing immigration. We got really good at it and realised that if we focused all our efforts on our immigration platform, we could help more people. Jobbatical today is the go-to immigration partner for tech startups and traditional companies alike. We free up time for employers to make more hires. Better hires.”-Karoli Hindriks, founder and CEO, said.
Company: Jobbatical OÜ
Round: Series A
Funding Month: September 2022
Lead Investors: Inventure VC
Additional Investors: Karma VC, Metaplanet, and current owners Union Square Ventures and Swiss Post
Company Website: https://jobbatical.com/
Software Category: AI-enabled immigration and relocation platform
About the Company: Founded in 2014 by Karoli Hindriks and Ronald Hindriks, Jobbatical pivoted from recruitment toward streamlining employee relocation and immigration processes. It develops a platform that helps with immigration, team onboarding, and settling-in processes. The company also provides services such as visa and work permit application, local registration, immigration for families, accommodation search, bank account opening, education support, as well as doctor, address, and tax registration. Jobbatical manages employee relocations, in particular for high-growth tech and fintech companies like N26, TravelPerk, and Personio.