Workgenius Acquires Us-Based Jbc Staffing Firm
10/13/22, 3:14 PM
WorkGenius, a global, end-to-end freelance technology company that uses artificial intelligence to help match highly skilled talent, has acquired US-based JBC, a NY-based staffing company, in a landmark deal that will aim to transform the freelance talent industry. Investments were provided by Carlos Medeiros, former partner at Softbank, and Chad Leat, former Vice Chair of CitiGroup, who join existing equity investors including John Jahr and Axel Sven Springer. Investcorp BDC and CION Invest Corp provided the debt facility and also invested in the equity. This acquisition, which closed June 7, 2022, reconfigures the combined company into WorkGenius Holdings. The Hamburg, Germany, originating company had previously received $23 million in a post-Series A fundraising round.