Assured Labor Raises $5.5M To Find Jobs For Workers Across Latin America

Friday, April 26, 2013

Assured Labor, a New York, Mexico City and São Paulo-based startup that helps low- and middle-income workers across Latin America find jobs through their mobile phones, just closed $5.5 million in funding led by Mexican private equity firm Capital Indigo. Other existing investors include Great Oaks Venture Capital, Nexus Venture Partners, Kima Ventures, Enzyme Venture Capital, Fabrice Grinda and Jose Marin.

The company, which came out of MIT’s Media Lab, runs two big job-hunting services called EmpleoListo in Mexico and TrabalhoJá in Brazil that now have 500,000 job seekers and 16,000 employers. They’re growing at a clip of about 1,000 employers per month. (They only just broke into the Brazilian market a year ago.)

With Assured Labor, employers looking for potential hires can put job descriptions in through the company’s website. Assured Labor will find the most qualified candidates and text message or e-mail them.

Source: Tech Crunch (link opens in a new window)

impact investing, social enterprise