SA talent marketplace startup OfferZen raised $5.1M in Series A

South Africa’s talent marketplace offerZen completed a $5.1million Series A led South Africa investment company Base Capital. This is the company’s first funding round since 2015.

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Philip Joubert and Malan Joubert co-founded OfferZen. Brett Jones was also involved in the founding of OfferZen. After acquiring Amsterdam-based tech startup TryCatch, the company expanded to The Netherlands in April 2020. The CEO stated that the program has been used by more than 1,000 companies and 100,000 developers.

These funds will be used to invest in the local tech community, expand its operations and grow its growth teams, as well as fund further expansion throughout Europe. OfferZen plans to expand into two more countries.

Revenue model

According to a TechCrunch article OfferZen has a unique revenue model that makes it money through two routes. First, a pay per placements model in which a 12.5% one-time fee is charged from the first salary of the developer. A second model is a subscription option that allows companies to hire many developers at once and pay upfront for Zen’s services. OfferZone also offers a pay-per-hire revenue model. Talent

Through events, sponsorships of tech communities, content and developer reports, the company aim to build engaged developer communities. When you are looking for a job, you can be admitted to OfferZen as a developer. Companies can only hire developers who are available to work. Philip Joubert explained that the vision behind the doubling down of their vision was the ” huge growth in venture capital raised and the ” explosion demand for tech talent.”

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