Graduate job platform set to hit £200k crowdfunding target

London-based graduate recruitment platform JobLab has reached 90 per cent of its £200k crowdfunding goal in just 24 hours.

Founded by Aidan Cramer, JobLab aims to connect candidates with growing startup companies, in the wake of graduates turning their back on corporate jobs and graduate schemes.

The platform gives jobseekers incentives to create ‘video cover letters’ and actively engage with prospective employers, and rewards engagement with JobLab Tokens which are exchangeable for cash or cryptocurrency.

So far the platform has 32,000 members, with an average ‘Time to Hire’ timescale of 16 days and job-response rates five times higher than those of LinkedIn, its largest competitor.

PureGym founder and entrepreneur Peter Roberts has already invested in the platform, and is vocal about his support for this type of company: “The new types of businesses that will have market share will have found a way to align themselves so that every side is getting net positive value.

“JobLab adds value to employers, to candidates and to the business and ultimately investors. I know a winner when I see one.”

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