Standoutjobs has announced they received a 2 million $ funding from iNovia Capital, which does seed and early stage venture capital investments. This is a significant investment and speaks in itself about Standoutjobs’s team’s skills and continuous efforts. This is also the first major move from iNovia that I know of, after they relaunched from the previous MSBi name.
They also launched today, and received coverage on every main technology blog, namely Techcrunch, VentureBeat, Mashable, GigaOm and CenterNetworks. So far, they received very positive reviews about the new “RECEPTION” product.
These announcements mean they now have significant time, money and media attention ahead of them to promote and commercialize their product. I know the startup’s founders were spending a lot of efforts looking for investors; as for now, they can now focus on the product itself.
I joked once with Fred Ngo how they were going to promote their service, to which he replied Ben Yoskovitz is going to put all his marketing weight into it.
And boy did he deliver. Today is certainly Standoutjobs’ day.
Congrats to iNovia and Standoutjobs!
Comments
Ben Yoskovitz January 28, 2008
Today is a great day for us. Launching has been crazy. Crazier than expected, but we’re enjoying every minute of it.
Heri January 28, 2008
no — we were referring to instigatorblog and how you managed to get posts on digg’s homepage everytime.
congrats on the launch again. i think you have done a fantastic job
Ben Yoskovitz January 28, 2008
mehdi akiki January 28, 2008
The level is raising in Montreal !
I am proud to be part of this community.
I will push myself harder to make my own projects a success as well.
Alistair January 28, 2008
It’s gonna be a great show.
Montreal Tech Watch January 28, 2008
Standoutjobs raises $2 million from iNovia Capital http://tinyurl.com/2ypnma
StandoutJob 08 Launch | Quebec Valley January 29, 2008
[...] more on these sites: A frog in the valley, StandoutJob’s blog, Instigator, I never nu, Web1979, MontrealTechWatch, TechCFO, Mikel.org and Guillaume [...]
Austin Hill January 29, 2008
Both Ben, Fred and the entire Standout Jobs team are doing an amazing job in the development & marketing.
We already have a number of customers signing up and launching Reception sites without our intervention.
It’s a great day for the team and I’m just happy to be along for the ride :)
Standout Jobs Launching at DEMO 08 - Live Broadcast Today! « Silicon Island January 30, 2008
[...] the major news sites, as well as local sites such as A frog in the valley, I never nu, Web1979, MontrealTechWatch, TechCFO, Mikel.org, Guillaume Thoreau, and Quebec [...]
Heri January 30, 2008
Great to hear about the customers. I saw standout got its first (volunteer) client hours after the launch last monday.
This is great news, standout is for now the major web startup to launch and should inspire other entrepreneurs.
Enjoy your stay at DEMO!
Franck February 02, 2008
I have a question : does anybody here knows who took care of their overall web design? ( UX ).
Congrats to Standoutjobs..I’m just a bit curious about the pre/post-money valuation they agreed on?
Anyway , cheers to everyone!
Heri February 03, 2008
the valuation was not public and even if i had the info, i am not sure i would disclose it here
Franck February 03, 2008
Regarding the valuation ,as I said it was just by curiosity..as you may know, sometimes it is possible to find well-known startup valuations on the net ( flixster , facebook , tumblr etc..)
Ben Yoskovitz February 04, 2008
Francis Wu came on board after and was instrumental in fine tuning the design. He also worked extensively on the Career Site design and implementation.
We had other help with the production of the site itself, because Francis was busy with the core application.
As for the details of the financing, we won’t release those publicly.
Thanks!
Franck February 04, 2008
Montreal as a startup hub - take 4 | Montreal Tech Watch February 17, 2008
[...] and VCs are only a handful in Montreal, and it might be a problem for aspiring entrepreneurs, although standoutjobs and praized showed that if you have a good team, then you will find an investor to back you in [...]
iNovia Capital, BDO, Globalex, Embrase and Guru sponsor Blitzweekend | Montreal Tech Watch March 02, 2008
[...] Blitzweekend’s first sponsor is iNovia Capital, a VC fund doing early stage investments in technology, life sciences and cleantech. We worked with Etienne Lagacé, Chris Arsenault, and Josko Bobanovic. They especially leveraged their MSBi Valoration network to find a venue for the event. iNovia Capital was featured recently on MontrealTechWatch for their Standoutjobs investement. [...]
MontrealStartup invests in Standoutjobs | Montreal Tech Watch March 11, 2008
[...] This adds up to Austin Hill’s initial funding, and iNovia Capital’s, announced earlier this year. [...]
Montreal Tech Watch » Inscape Software announces $7m in Series B funding September 04, 2008
[...] noteworthy to mention that another Montreal startup, Standoutjobs, funded by iNovia Capital, also provides a HR tool for recruitement. This validates in a way the market [...]