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JobLoft makes an exit

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Jonas Brandon

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JobLoft2JobLoft, the Toronto-based company at the center of the Dragon’s Den soap opera last year has finally been paid their due. In a move that both shows how much you do not want investment from the Dragon’s Den, and which shows how a little hard work pays off, JobLoft is being acquired by OnTargetJobs.

OnTargetJobs runs a network of job boards including Hcareers, which caters to the hospitality industry. Our guess is that JobLoft’s map functionality will be brought to Hcareers. OnTargetJobs is backed by Warburg Pincus. No word yet on the acquisition details, but we’ll try and scoop TechCrunch.

Congrats to the JobLoft crew on a successful exit.

Comments

12 responses to “JobLoft makes an exit”

  1. Ash Christopher Avatar
    Ash Christopher

    I remember watching that episode a few months ago, and first thought “Why are these guys even presenting to these people?” then realized that it was probably good publicity. When I saw them actually accept the money ($200,000 for 50% I think), I couldn’t believe it. Valuation at $400k!?

    I am glad reason took over later on, and they decided to part with the money.

    Reply
  2. Ash Christopher Avatar
    Ash Christopher

    I remember watching that episode a few months ago, and first thought “Why are these guys even presenting to these people?” then realized that it was probably good publicity. When I saw them actually accept the money ($200,000 for 50% I think), I couldn’t believe it. Valuation at $400k!?

    I am glad reason took over later on, and they decided to part with the money.

    Reply
  3. An Investors Perspective Avatar
    An Investors Perspective

    Exit by acquisition was JobLoft’s only option after the Dragon’s Den debacle and the exposure they received from being on the show likely contributed to that end. The sad fact is that as a result of the JobLoft’s decision to side with James Norrie, despite his highly unprofessional, unjustifiable, and frankly rude treatment of the Dragon’s Den investors, this company was unfundable.
    Congrats to the boys on the exit, they had good functionality and Dragon’s Den gave them great exposure. Though with some investment capital they would likely have been able to build out the model and garner a better price.

    Reply
  4. An Investors Perspective Avatar
    An Investors Perspective

    Exit by acquisition was JobLoft’s only option after the Dragon’s Den debacle and the exposure they received from being on the show likely contributed to that end. The sad fact is that as a result of the JobLoft?s decision to side with James Norrie, despite his highly unprofessional, unjustifiable, and frankly rude treatment of the Dragon?s Den investors, this company was unfundable.
    Congrats to the boys on the exit, they had good functionality and Dragon?s Den gave them great exposure. Though with some investment capital they would likely have been able to build out the model and garner a better price.

    Reply
  5. Ben Avatar
    Ben

    Is it just me, or should “An Investors Perspective” be re-titled to “A Dragon’s Perspective”?

    Reply
  6. Ben Avatar
    Ben

    Is it just me, or should “An Investors Perspective” be re-titled to “A Dragon’s Perspective”?

    Reply
  7. Abby Avatar
    Abby

    I like to congratulate JobLoft.com, last year’s Dragons’ Den sensation, for being acquired by onTargetjobs
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    Reply
  8. Abby Avatar
    Abby

    I like to congratulate JobLoft.com, last year’s Dragons’ Den sensation, for being acquired by onTargetjobs
    tratament acnee

    Reply
  9. Toronto DemoCamp 26, still going strong with noodles, Lean Marketing and 5 Demos. | False Positives

    […] their JobLoft site for the service industry, before going on to CBC Dragons Den TV show, and then acquired by onTargetjobs. Having learned a lot from their previous experiance, we where presented with a […]

    Reply
  10. Toronto DemoCamp 26, still going strong with noodles, Lean Marketing and 5 Demos. | False Positives

    […] their JobLoft site for the service industry, before going on to CBC Dragons Den TV show, and then acquired by onTargetjobs. Having learned a lot from their previous experiance, we where presented with a […]

    Reply
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