If you’re an hourly worker, the number of go-to options you have for finding new jobs is shrinking a little. JobGet — a Boston startup that operates an hourly job-hunting site with social features built in, a la LinkedIn — is acquiring Snagajob, one of its rivals in the U.S. market.
JobGet claims this will make it the largest job platform targeting hourly and frontline workers in the U.S., covering 100 million people.
But to be clear, those are not its number of users: JobGet does not disclose how many active users it has, except to say that it is working with tens of thousands of customers and has helped secure millions of jobs. Snagajob says it has 3.6 million monthly active users and has filled 40,000 jobs from 14,000 employers.
The financial terms of the deal are not being disclosed. But for some context, JobGet was last valued at $440 million, per PitchBook data, when it raised $52 million in 2022. The database notes that it also raised some money this month, an undisclosed amount from Flow Capital, although JobGet disputes this. Flow and JobGet were already acquainted: In June of this year, JobGet acquired a recruiting software provider in Flow’s portfolio called Wirkn, also for an undisclosed sum.
The picture is a little cloudier for Snagajob. The company — which has been around for 25 years (yes, dating to the first dot-com boom) — had raised a whopping $387 million all told from investors that include StarVest and Rho Ventures. But its last valuation of $178 million on PitchBook dates from a decade back, so it’s not clear at all how that relates to what it is worth now.
As for why it has now sold up to JobGet, it’s likely a part of the inevitable consolidation in the space.
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