Russian entrepreneur success story: Job Today gets $35 million in media-for-equity from major media investors

Three media investors — Astremedia (Spain), German Media Pool VC and RTL Germany — have inked a media-for-equity deal worth $35 million with Job Today, reports TechCrunch.

Launched in 2015 by two Russian entrepreneurs, Eugene Mizin and Polina Montano, Job Today has developed a job finder app which currently operates in four cities of Spain and the UK.

The startup, which claims to have allowed more than 10,000 people already to find a job, is based in Luxembourg. It intends to enter the German market later this year.

In November last year Flint Capital, a venture fund with Russian roots operating internationally, led a $20 million round of funding for the company. Also involved in the round were Accel Partners, Mangrove Capital Partners, and Channel 4’s Commercial Growth Fund.

 

Topics: Digital services & Apps, Finance, International, Labor & HR issues, News, Online classifieds, Startups, Venture / Private equity
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