YOX, an AI-powered platform matching blue-collar workers with employers, has raised €1.5 million from Early Game Ventures to expand internationally, as Vestbee was informed.
- Established by Martin Dimitrov and Lilyana Dimitrova, YOX develops an AI-powered job marketplace that matches blue-collar workers with employers.
- The platform allows candidates to signal they are seeking work, then uses over 200 criteria, including location, transport, salaries, shifts, and working hours, to guide them through the application process and guarantee interviews within 24 hours.
- Employers access pre-qualified candidates ready to start immediately, enabling real-time staffing for frontline roles.
“Yox attracts thousands of registered people per week ready to start working now and because we achieved almost perfect candidate qualification, we managed to successfully implement for the first time a pay-per-candidate pricing - a fair model where employers pay only for qualified candidates ready to start working now," claims Lilyana Dimitrova, co-founder and Chief Sales officer of Yox.
Details of the deal
- The funding round saw support from Early Game Ventures, a Bucharest-based venture capital firm that launched its €60 million Fund II to invest in 25 to 30 early-stage startups across the CEE region. Several business angels also participated in the round.
“YOX caught our attention from the very beginning. Not because they were the only ones trying to solve the systemic problem of the blue-collar labor market. We've seen other startups try. But because their solution was finally the right one," Managing Partner of EGV, Cristian Munteanu, commented in a press release.
- YOX will use the funding to expand its operations internationally and scale its AI-driven platform. The investment will allow the company to enhance its infrastructure, improving the matching of blue-collar workers with employers based on factors such as location, transport, shifts, and salaries.
- It will also support the onboarding of more candidates and employers, enabling faster interviews and more efficient staffing for frontline roles.
