Adzuna launches £1.5M crowdfunding campaign to get Britain working

Adzuna.co.uk, the fastest-growing job search engine in Europe, is inviting members of the public and angel investors to join their mission to get Britain working, by investing in Adzuna. The company has today announced plans to raise at least £1.5M via Crowdcube, the UK’s leading Equity Crowdfunding platform, with a minimum investment of just £13.

With the aim to make finding work easier, Adzuna already attracts 6 million visits a month, offers job search in 10 international markets and has helped hundreds of thousands of people find jobs. In 2012, Adzuna was also asked by Number 10 to supply labour market data to the Prime Minister's Data Dashboard, and earlier this year was selected for the Government’s Future Fifty programme for high growth businesses.

Andrew Hunter, co-founder of Adzuna, explained: “Having already attracted first class institutional investors in previous funding rounds, we want to offer our users and the wider public the opportunity to be part of our journey.  Our mission is to match people to better, more fulfilling jobs and keep Britain working and we are passionate about achieving it.”

Capital raised from the campaign will be used to invest in Adzuna’s technology, building on a market-leading search and machine-learning platform that brings together over 1 million UK job ads in one place, and adds smart search options and powerful data about the job market.

Doug Monro, co-founder of Adzuna, commented: “We are proud of the world-class team and platform we have built at Adzuna, but we still have a long way to go in job search innovation, mobile apps and internationalisation. Our existing tools, like Jobsworth, which predicts the salary for every job ad, and  ValueMyCV, which allows users to find out what they’re worth, are just the beginning. We want to make job search better for everyone, from Adelaide to Warsaw.”

With an existing presence in the UK, Australia, Germany, France, Brazil, Canada, South Africa, India, Russia, The Netherlands and Poland, Adzuna plans to consolidate and grow user services in its global markets.

New shareholders will be investing alongside existing investors like Passion Capital and The Accelerator Group, as well as a number of influential Angel investors who have already committed to the round.

Luke Lang, co-founder of Crowdcube, commented: “Giving people the opportunity to invest in a tech startup backed by Index Ventures, one of Europe’s top venture capital firms, The Accelerator Group and Passion Capital through Crowdcube is an exciting prospect. Adzuna’s mission to keep Britain working resonates immensely with Crowdcube. Our platform has already created thousands of new technology jobs in Britain and we support Adzuna’s wish to create many more through this campaign!”

You can see the Adzuna pitch here www.crowdcube.com/adzuna. Please remember that investments of this nature carry risks to your capital as well as potential rewards so you should read the full pitch and associated risk warning to ensure you #InvestAware.