Jobbatical expands By €11.6 Million As Worker Migration Becomes Digital

Image Source : Google Author : Breaking News Team

Jobbatical, a company specialising in offshoring, which grew its business after the pandemic when many employees became digital nomads

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It has raised €11.6 million in funding led by Nordic venture capital firm Inventure

Image Source : Google

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As the world is becoming completely paperless when it comes to migration, Jobbatical is well placed to take advantage of a world previously dominated by companies like Deloitte and others

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"Jobbatical handles employee relocations, particularly for high-growth technology and fintech companies such as N26, TravelPerk and Personio

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Around 1 in 30 people relocate every year

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The company says it has grown its ARR 8-fold and its MRR in Germany 19-fold over the last 12 months and has achieved positive cash flow and EBITDA

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Founded by Estonian entrepreneurs, siblings Karoli and Ronald Hindrik and Ankur Agarval, Jobbatical has moved from recruitment to simplifying the relocation and immigration processes

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"In the three years since we changed direction, with just €2 million, we have built probably the most scalable product in our industry and can launch a new country on a platform with zero code in a day."

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"In addition, we have automated the key steps of the migration - from automated case assessment to form filling - and we can seamlessly apply this to each new country within days."

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"That's why with this Series A we can expand to thirty new countries in the next 24 months," she added.

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