Student workforce on-demand – Zenjob closes €15M Series B funding round

by | November 20, 2018

Berlin, November 20, 2018 – Berlin-based tech startup Zenjob closes a 15 million Series B financing round, led by AXA Venture Partners and participated by current investors Acton Capital, Redalpine and Atlantic Labs. Zenjob helps large and medium-sized businesses to find on-demand student staff with just a few clicks via its zenjob app. The fresh capital will be invested in technological product development and the expansion of the business across Germany.

“With our automated software technology, we manage to place the majority of personnel within only a few hours. At the same time, we offer our clients long-term planning security.”

Fritz Trott, Zenjob

 

“Traditional temporary employment agencies are still struggling with a digital transformation in the market. What the staffing sector is lacking are innovative products,” says Fritz Trott, co-founder and CEO of Zenjob.

With the fresh capital ithe entire process, from job posting and candidate matching to shift management, will be handled automatically by Zenjob’s software. The tech startup will keep pushing forward with the continuous development of software technology. The automated matching procedure between the job offer and the candidate will be optimised in an even more intelligent way. Furthermore, Zenjob plans to launch an “in-store solution” for clients in the retail business.

Over the recent years, Zenjob has supplied its flexible student workforce for over 1,000 clients, including Vapiano, Mister Spex, FlixBus and Holiday Inn. On average, Zenjob staffs over 10,000 on-demand temporary jobs with students every month. Zenjob offers excellent value, particularly for clients in the retail, event, and gastronomy sectors: “It is a huge challenge to find good staffing service providers in the market. With Zenjob, we can react much faster and more flexibly to seasonal fluctuations and short-term personnel requirements. The technology and quality that Zenjob offer have long been missing in the retail industry,” says Nadine Stange, Managing Director of SportScheck’s flagship store in Munich, Germany’s leading specialist sports retailer.

Zenjob’s vision is to break up the traditional structures of today’s job market. In the future, people should be able to shape their working lives on-demand and flexibly with just a click. With the Zenjob App, today’s students can already decide when, for whom, and how often they want to work.

“On-demand employment is a global megatrend in the job market. The demand for temporary staff is continuously increasing. At the same time, employees are seeking a flexible and self-determined working life.”

Imran Akram, AXA Venture Partners

 

“We are looking forward to support Zenjob’s vision and believe that the digital business model will change the labour market of the future,” says Imran Akram from AXA Venture Partners concerning their investment in the startup.

Zenjob is a licensed, Berlin-based tech startup for temporary employment. The on-demand staffing platform supplies companies in different fields (such as the logistics, hotel, events, and retail industries) with student staff in Berlin, Hamburg, Munich, Cologne, Bonn, and Dusseldorf. Students receive real-time job offers directly on their smartphones and can confirm the job offer with just one click in the app. Zenjob was founded by Fritz Trott, Cihan Aksakal, and Frederik Fahning. Cornelius von Rantzau and Arvid Seeberg-Elverfeldt have been the supporting management since 2017. The company’s staff consists of more than 180 employees.

Über Acton Capital Partners

Acton Capital Partners ist ein internationaler Wachstumsinvestor mit Sitz in München. Seit 1999 investiert das Acton-Team erfolgreich in digitale Pioniere in Europa und Nordamerika.

Investmentfokus liegt dabei auf skalierbaren Geschäftsmodellen aus den Bereichen Future of Work, Digitale Marktplätze und Plattformen, Ecommerce, FinTech sowie Software-as-a-Service.

Bettina Engert Administrator
Director Communications , Acton Capital

 

About Acton Capital
Acton Capital is a leading growth venture capital investor in Europe. Since 1999, the Acton team supports digital startups in the fields of marketplaces, e-commerce, SaaS, FinTech or Future of Work on their way to market leadership. Acton Capital invests worldwide with strong focus on Europe and North America. With two decades of investment experience and a deep understanding of tech-enabled business models, the team has invested over EUR 500+ million across five fund generations.

 

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