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Job Searcher Workhound Raises £477K From Incisive Media

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imageRecruitment classifieds aggregator Workhound has received €600,000 (£477,000) from B2B publisher Incisive Media, for its first proper funding round. This round will also see it get office space; Incisive also operates VNUnet, The Inquirer and ClickZ. The site claims to be the UK’s largest recruitment source, with 900,000 positions advertised.

Workhound was launched last year by London vertical search firm WorkDigital under Howard Lee, formerly head of News International’s Times Education Supplement operator TSL Education. It offers contextual search, data mining, bookmarking and salary tracking, and includes Google (NSDQ: GOOG) Ads funding It got a £100,000 angel funding round in January. Lee ‘s pitch goes that no UK job site has greater than five percent share while recruitment captures 24 percent of all search marketing spend.

Along with property, recruitment is the classifieds sector that’s most in a death spiral at the moment. But that’s mainly in print. Online, the likes of Trinity Mirror (LSE: TNI) and DMGT have snapped up classifieds sites at pace in the last few years. Release.

Sep 17, 2008 10:35 AM ET

Posted In: Advertising, Money, M&A & Venture Capital, Venture Capital

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