P+P advises Forestay Capital on Series C financing in Zenjob

Digi­tal employ­ment service provi­der Zenjob has successfully closed a €27 million ($30 million) Series C funding round. The lead inves­tor is Forestay Capi­tal, an affi­liate of Ernesto Bertarelli’s (photo) family office Waypo­int Capi­tal. Other inves­tors include exis­ting inves­tors Redal­pine, Acton Capi­tal, AXA Venture Part­ners and Atlan­tic Labs.

Zenjob uses an app to place student assistants with large and medium-sized compa­nies in the logi­stics, retail and office sectors. New custo­mers are intro­du­ced digi­tally to all proces­ses and can then request staff via an online booking portal. In this way, compa­nies can quickly and flexi­bly find tempo­rary staff to respond to short-term person­nel requi­re­ments or seaso­nal fluc­tua­tions. Job candi­date matching also allows students to find a job in their area on the same day. By its own account, Zenjob reaches 15,000 students every day via the app. Curr­ently, the Berlin-based company is alre­ady repre­sen­ted in 14 cities.

Zenjob enables its custo­mers to achieve high effi­ci­ency gains and takes care of the entire process for tempo­rary staf­fing, from recrui­ting to invoi­cing. Algo­rithms will also help to predict person­nel demand even better.

P+P Pöllath + Part­ners advi­sed Forestay Capi­tal, a fund belon­ging to Waypo­int Capi­tal Group, on the finan­cing round with the follo­wing team:

Chris­tian Tönies, LL.M. Eur.(Part­ner, Lead Part­ner, M&A/Venture Capi­tal, Munich/Berlin), Dr. Sebas­tian Gerlin­ger, LL.M. (Coun­sel, M&A/Venture Capi­tal, Munich/Berlin), Adal­bert Makos (Coun­sel, M&A/Venture Capi­tal, Munich), Andreas Kühnert (Senior Asso­ciate, M&A/Venture Capi­tal, Munich), Markus Döll­ner (Asso­ciate, M&A/Venture Capi­tal, Munich)