Next176 Announces Investment Into Local Recruitment Startup, Jobjack
Next176 Announces Investment Into Local Recruitment Startup, JobJack. Jobjack, an online platform for entry-level jobs, has secured a R45m investment in a pre-series A round led by Next176 and the Michael & Susan Dell Foundation, South Africa. Next176 took to LinkedIn to make the announcement.
The post read, “We are proud to announce our investment into JOBJACK, a dynamic South African startup revolutionising entry-level recruitment. With this funding, JOBJACK is poised to transform the job market landscape, addressing the pressing issues of access and affordability that South African job seekers face.”
Backed by Old Mutual, NEXT176 was founded to create significant impact in specific ecosystems that affect the future of emerging economies, by creating businesses that deliver disruptive and sustainable growth. The company has pulled together a team of experienced financiers, technologists and entrepreneurs to build, invest in and partner with startups and corporates to realise this founding purpose.
JOBJACK serves as the connecting platform between job seekers and employers. The company is addressing the issue of accessibility and affordability for job seekers in South Africa through its free online job platform. For employers, it offers the opportunity to automate and streamline their recruitment process.
The Michael & Susan Dell Foundation creates opportunities in education, health, and family economic stability for children and families living in urban poverty. It takes time, hard work, and patience. But the foundation and its partners in the United States, India, and South Africa stand firm, shoulder-to-shoulder with those it serves, in pursuit of lasting progress. The foundation invests globally in the areas where it can collaborate with local communities & make lasting impact.
