Jack & Jill, a groundbreaking cross-company talent marketplace, has just closed $20 million in seed funding – a phenomenal achievement. Their goal is to improve the job-seeking process with innovative conversational AI technology. Founded by entrepreneur Matt Wilson, the platform is currently live in London, where it’s successfully brought on board almost 50,000 users. Their funding round, led by the European investment firm Creandum, is an unmistakable sign of strong confidence in the latencies blasting potential of this fledgling startup.
Jack & Jill’s mission is to disrupt the whole recruitment process. Wilson is passionate about the idea that this process has been stuck in neutral for twenty years. As he explains, the revolutionizing platforms we all hope for haven’t come to fruition since the time of LinkedIn and Indeed. “There hasn’t been a major change in how people find jobs since LinkedIn and Indeed came on the scene 20 years ago,” Wilson stated.
Jack & Jill runs on a dual-sided model, with “Jack” serving applicants and “Jill” serving employers. The platform walks users through a one-of-a-kind 20-minute AI-powered profile interview to better match candidates to a diverse array of available job roles. After the interview, users are given a personalized list of roles based on various virtual job board data sources that match to their profile.
The push for use of conversational AI is to make the recruiting process more efficient, an area Wilson recognizes as extremely inefficient. He pointed out, “I think the way that we are mapped to the companies we work for, and vice versa, is just extremely inefficient.” Through the use of technology, Jack & Jill wants to make it easier and more efficient for job seekers and employers to make a more accurate match.
Jack & Jill plans to use this funding to expand its footprint and presence in the U.S. market. Wilson hopes to develop a big footprint in that area, in particular. “There are billions of people out there that could be in better jobs for them. That’s a mission worth working on,” he expressed. This expansion is in step with the company’s long-term goal to be indispensable to job seekers and employers at the same time.
Employers benefit from Jack & Jill’s ability to build specific profiles for roles, elevating candidates that align with their requirements. In addition to their user-friendly platform, they offer fun tools such as mock interviews and professional coaching. This versatility makes them a helpful resource for users at any stage of their career journey.
Jack & Jill operates on a commission-free model. They only charge employers a flat fee for each hire completed through their platform. This paradigm makes both parties in the hiring process accountable and puts the applicant’s and employer’s goal of a successful hire on the same side.