Staff Finder, the European on-demand marketplace for temporary staffing, has closed a funding round led by One Peak Partners and Goldman Sachs Private Capital. Terms of the investment aren’t being disclosed, however sources tell TechCrunch that the round is in the region of €20 million.
The Zurich, Switzerland-based company says the new capital — its first institutional investment since being founded in 2011 — will be used for international expansion. It’s my understanding this amounts to a full launch in the U.K., where Staff Finder has been operating in stealth and is currently recruiting. It also plans to be build out its product team here in London.
Staff Finder’s ‘on-demand’ platform helps businesses find temporary workers to cover immediate hourly or daily staffing needs. It claims that 98 per cent of all job requests are filled within 4 hours from creation, thereby enabling businesses to respond to staff shortages and peak demand.
That sounds like a potentially good fit for the U.K.’s low-skilled and growing job market. “Workers love the flexibility and additional income they can generate through the platform,” says Staff Finder in the press release announcing the investment, presumably with a straight face. The company targets the hospitality, events & promotion, retail, logistics, business services and office sectors.
“This is a significant milestone in Staff Finder’s history and the beginning of an exciting new era for the company,” adds Viktor Calabrò, founder and CEO, in a statement. “We envisage becoming the first truly global on-demand staffing marketplace, providing businesses in major cities around the world with a technology solution that fits their needs. Today, we already work with more than 5,000 customers and are scaling rapidly with the support and operational guidance of our investors.”