JobTeaser, the graduate recruitment and career guidance platform, has raised £45 million in new funding to help it expand its careers service to more students across the U.K. and Europe.
The investment is led by Highland Europe, with continued backing from existing investors Alven, Idinvest Partners, Seventure Partners and Korelya Capital. It brings the total amount raised to £61 million since the company was founded all the way back in 2008.
JobTeaser says the funding will be used to expand JobTeaser’s partner network of schools and universities across the U.K. and Ireland.
That company’s aim is to become the official careers website for its education partners. The promise is that it can connect more students and graduates to the careers they seek and in turn help corporates and organisations plug gaps in the talent and skills they need.
“We believe the transition between University and the professional world is very difficult for young talent,” Adrien Ledoux, co-founder of JobTeaser, tells me. “A lot of young talent feel lost when it comes to choosing their career; in the survey that we conducted with WISE this year, we discovered that 9 out of 10 young people in Europe want better support to define their career choices.”
Ledoux says JobTeaser’s goal is to transform the way students and recent graduates find work by helping them choose a career path that fits with their aspirations and ambitions. “We are convinced that if each young talent puts their energy into the right job, all of society benefits from it,” he says
To achieve this mission, JobTeaser has built a platform that combines bespoke career guidance with internships, job opportunities and ongoing career and interview support.
In order to reach the largest number of students and recent graduates, JobTeaser provides its “Career Centre by JobTeaser” platform free of charge to universities. It then charges businesses a fee to advertise jobs to that captive audience.
“Businesses can access talent at the right place (the university) and at the right time (when they are looking for their first job),” explains Ledoux. “Our platform allows businesses to pay once to multi-post their job ads and employer-branded content in a single click, which then goes out to all of JobTeaser’s partner higher education institutions.”
It’s this business model that allows JobTeaser to reach businesses, universities and prospective young jobseekers across 19 European countries, says the JobTeaser co-founder.
Since its launch, JobTeaser says it has served 2.5 million students and recent graduates. The company works with more than 70,000 businesses, including Amazon, PWC, Deutsche Bank, Blackrock, L’Oréal and LVMH.