Jobline.se Expands in Europe with US Partners
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Two U.S.-based venture capital companies have invested SEK 125 million (US$15 million) to finance Swedish online recruiter Jobline's further expansion in Europe.
J.H. Whitney and Sandler Capital together acquired one third of the company's stock.
Stockholm-based Jobline aims to become the top job site in each of the major European markets. The company already has a presence in Sweden, Norway, Denmark, Finland, France, Germany, Italy and Spain, and will soon open offices and local sites in Holland, Belgium and the UK.
Jobline uses a unique tool to match an individual's experience and future plans to a company's applicant profile within its database, all within a time period which it claims beats traditional recruiting methods by months.
Jobline International was founded by its CEO Lars-Henrik Friis Molin, who remains the main owner.