ASSURED LABOR CLOSES $5.5 MILLION FUNDING ROUND LED BY CAPITAL INDIGO
World leader in mobile recruitment poised to accelerate growth in emerging markets
NEW YORK – April 25, 2013 – Assured Labor (www.assuredlabor.com), the world leader in mobile recruitment, announced today that the company has closed a $5.5 million funding round led by Capital Indigo. Capital Indigo joins existing investors including, Great Oaks Venture Capital, Nexus Venture Partners, Kima Ventures, Enzyme Venture Capital, Fabrice Grinda and Jose Marin.
“Our digital recruitment platform is taking off in Mexico and Brazil and we couldn’t be happier to add such an accomplished partner,” said David Reich, Founder and CEO of Assured Labor. “With over 1,000 employers joining Assured Labor each month, this investment will enable us to meet that demand by growing our engineering and sales teams while solidifying our market leadership position in the mid-to-low wage segment.”
“The recruitment market in Latin America is ripe for disruption and nothing comes close to Assured Labor’s offering for recruiting lower wage job seekers. We look forward to supporting the company’s growth in Latin America and beyond,” said Bernardo Paashe, Managing Partner, Capital Indigo, who will be joining Assured Labor’s Board of Directors along with Everardo Camacho, Managing Partner, Capital Indigo.
Assured Labor’s brands in Mexico (www.EmpleoListo.com.mx) and Brazil (www.TrabalhoJa.com.br) have grown to become Latin America’s premier services for recruiting mid-to-low wage full-time employees. By leveraging the Internet, SMS, Voice User Interface and Social Media, Assured Labor enables companies to rapidly identify and reach the best job seekers in their area. With 500,000 registered job seekers and 16,000 employers, Assured Labor has become the region’s top destination for mid-to-low wage digital recruitment.
About Assured Labor
Assured Labor revolutionizes hiring in emerging markets. The service leverages the power of mobile phones and the Internet to rapidly connect employers with the best mid-to-low wage candidates in their area. Founded at MIT, Assured Labor’s disruptive platform is optimized for the realities of the emerging markets where three of four Internet users access the Web sporadically and nearly everyone has a cell phone. The company’s Latin American brands, EmpleoListo & TrabalhoJá, are currently operating in Mexico and Brazil. For more information please visit www.AssuredLabor.com, www.EmpleoListo.com.mx and www.TrabalhoJa.com.br.
About Capital Indigo
Capital Indigo is a Private Equity firm based in Mexico City that is focused on mid-market private equity and mezzanine debt investments in Latin America. As an early-mover in the region’s Private Equity markets, Capital Indigo’s “Fund Indigo 1” invests in high-growth mid-sized enterprises. The fund’s managers share over 30 years of operational, investment and startup experience in Latin America and the United States and play an active role in each of their investments. More information is available at: www.capitalindigo.com.
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