Toptal and Freelance.ca acquisitions, and other news of the job board industry

July 16, 2024
JobBoardDoctor
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The news is rolling in – witness the items on Toptal and Freelance.ca acquisitions. So I’m putting in an extra news edition to handle it! Be sure to check out the final item on Jobright with an interesting application of AI. Let’s get going:

Toptal acquires Growth Collective: France-based Toptal, which calls itself “the world’s largest fully remote workforce,” has acquired U.S.-based Growth Collective, a freelancer site focused on marketing professionals. Founded in 2010, Toptal says it connects businesses with the top 3% of freelance talent, letting companies scale their teams on demand. Founded in 2019 and headquartered in Washington D.C., Growth Collective gives businesses access to freelance marketers specializing in digital marketing, search engine optimization, content creation, social media strategy and similar fields, serving high-growth start-ups, agencies and venture firms. Congrats!
Freelance.ca acquires Workhoppers: freelance.ca, Canada’s emerging online marketplace leader for freelancers, announces the successful acquisition of Workhoppers, a leading Canadian platform for freelancers. This strategic acquisition strengthens freelance.ca’s position in the Canadian market and expands its portfolio of services for freelancers and businesses nationwide. Founded in 2012, Workhoppers has established itself as a resource platform for flexible work and project placement. Describing itself as being “built like a dating site,” WorkHoppers says it matches companies and freelancers for contract, gig and part-time help in the city of their choice, with no middleman or commission. Again, congrats!
Reed Talents solutions expands: Reed Talent Solutions has expanded to continental Europe. The decision comes as a strategic move to meet the increasing demand for talent outsourcing solutions, including recruitment process outsourcing, managed service provider and statement of work in the country and to better serve its growing international clientele. The expansion into Europe will see Reed Talent Solutions working with large-scale companies across the continent. With this expansion, Reed Talent Solutions aims to strengthen its position as a key player in effective workforce solutions. Interesting.
JobKorea expands services: Seek-backed JobKorea, which runs one of the leading recruitment marketplaces in South Korea, has unveiled a new recruitment app to connect foreigners with local employers. Klik, which stands for ‘kickstart life in Korea’, translates job ads with work area, language skills and visa requirements in 28 languages, including English and Chinese. The job board has also linked its NineHire ATS to recruitment marketplace BlindHire, enabling its users to tap into the latter’s ten-million-strong subscriber base. BlindHire is a job site operated by anonymous professional network Blind, while NineHire was acquired by Job Korea earlier this year. Impressive.
MyNavi gets stake in Awign: Awign has raised Rs 203.5 crore or $24.5 million from Japan-based Mynavi Corporation, which will now control a 73% stake in the Bengaluru-based HR tech startup. Awign helps enterprises run their businesses via outcome-based execution along with discovery, deployment, and payroll. Though MyNavi made a formal announcement of the deal in April, the details hadn’t been disclosed until now. Intriguing.
HeadHunter faces defamation case: Russia-based job board HeadHunter has been sued by Novosibirsk-based electronic components supplier Mikrosan. It wants HeadHunter to take down negative reviews of Mikrosan posted by users of the former’s Dream Job employer review site. It has filed lawsuits against both Dream Job and HeadHunter itself, arguing that the reviews are defamatory. This is the first such dispute for HeadHunter, but other internet companies have been subject to similar actions. Be curious how this turns out.
Jobright helps foreign works navigate the US job market: A California-based startup called Jobright.ai wants to make job search easier for foreign workers in the U.S. Leveraging large language models, Jobright created an AI agent that acts as a headhunter tailored to individual job seekers. The AI interprets candidates’ experience and recommends jobs that they might not have otherwise considered. It scores positions based on their compatibility with the candidates, a feature used by 60% of Jobright’s users every day. As an immigrant, company co-founder Eric Cheng knows firsthand the struggles of foreign workers, so it was a no-brainer to build an “H1-B filter” into Jobright. Exciting!