Jobintree
123Venture

France’s Jobintree scores another €1 million from 123Venture

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Paris-based recruitment platform Jobintree has just scored another €1 million round of funding with 123Venture.

Founded in April 2008 by two former managers from another leading French job site, Keljob, the company had previously raised €2 million with business angels at the end of 2008. Now, with the new funds, Jobintree plans primarily to expand their national presence and development. The start-up has already announced that it’ll be setting-up an office in Lyon and possibly Nantes or Lille in the near future. In addition, the recruitment platform will be adding new members to its own team and developing several new sites focused on professional training, which should go live in September.

While the online recruitment space already counts numerous start-ups – like French JobiJoba, which recently scored funding as well – Jobintree and its investors believe there is still plenty of room for innovation. With over 800,000 unique visitors per month, the website has already attracted over 600 clients – mainly large companies – and saw its monthly traffic grow 80% on average throughout 2009.

Aside from Jobintree, 123Venture has also invested in success stories like Criteo and Goom Radio. The fund capitalizes on France’s relatively new initiative, whereby an individual can reduce their wealth tax by up to 75% by investing in a start-up.

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