April 29, 2010 – Assured Labor, Inc., a web and mobile marketplace for jobs built exclusively for emerging markets, has raised $1 million in seed funding. The funding will enable the company to expand its Latin American offering, EmpleoListo, and to enhance its disruptive recruitment technology. Assured Labor leverages the capabilities of text messaging and the Internet to connect employers with mid-to-low wage workers. Job seekers who register with Assured Labor can connect with hundreds of employers, and receive interview requests via text message, while companies that suffer from high worker turnover can shorten their recruitment process from weeks to hours. “Through Assured Labor, job seekers around the world will be able to leverage their mobile phones to connect with job opportunities,” said David Reich, CEO and co-founder of Assured Labor. “Traditional job boards have only impacted the tip of the iceberg. Assured Labor's cost effective platform enables employers in emerging markets to leverage the ubiquity of mobile phones to hire better workers faster than ever before. We're thrilled to have brought on a group of investors experienced in building digital marketplaces around the world.” Assured Labor's funding comes from notable investors including: Nexus Venture Partners, Kima Ventures, Michael Van Swaaij (former CEO and chairman of Skype), and Fabrice Grinda (CEO of OLX.com) among others.
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