Joblocal joins Funke Mediagruppe
Joblocal has become one of the leading specialists for regional online job search within only a couple of years. The sale means big success for the German startup that was founded in 2010 and now runs more than a dozen German regional job portals. Joblocal has only entered the Austrian market in March 2014 when they closed a contract with Regionalmedien Austria (RMA).
We could prove to our investors and ourselves that returns on investment in startups can be more than solid, even in the DACH-region.Oliver Holle, SpeedInvest
Michael Müller, CEO of the German Funke Mediagruppe, is very happy with his newest acquisition: “Buying Joblocal was the logical next step in our digital strategy. Our current regional business is strengthened which helps us create new revenue.”
“Our new partners from Joblocal will support us with their know-how and creative input in developing new markets,” adds Stephan Turm, CEO of Funke Digital Berlin.
Daniel Keiper-Knorr, SpeedInvest co-CEO: “As investors, we were impressed with Joblocal’s performance during the last three years. Their work has the potential to change the online job market. We are proud that we were able to support them in closing the deal with Funke.”
The sale is not only a step up for Joblocal, but also means a big success for SpeedInvest. “We are looking back on what has been a fantastic year for us,” says founder and CEO Oliver Holle. “We could prove to our investors and ourselves that returns on investment in startups can be more than solid, even in the DACH-region.”
SpeedInvest started in 2011 and has invested in 20 projects in the fields of software, finance and e-commerce so far, among them 14 Austrian ventures. It is now one of the leading startup investors in the region. Among the recent exits of SpeedInvest’s teams are also Wikidocs and Shpock. The Austrian fund’s invested capital in startups has more than quadrupled, holding period is about two years.