DLA Piper has advised Russian online freelancing marketplace YouDo on a USD 5 million investment round from Russian online recruitment platform HeadHunter.
Founded in 2012, YouDo offers horizontal online service marketplaces matching freelance labor demand and supply in the customer-to-customer and business-to-business segments. The service has nearly 9 million verified users. HeadHunter operates job and employee search sites and mobile apps using artificial intelligence.
"The investment is in line with HeadHunter’s strategy to further expand beyond the core recruitment market and enter promising adjacent segments within the entire HR value chain," DLA Piper informed. "It will enable HeadHunter to access the rapidly developing gig economy market and provide resources to accelerate YouDo’s expansion in the business-to-business segment."
The DLA Piper team was led by Partner Leo Batalov and included Senior Associates Georgy Vinogradov and Azalia Mukminova.
DLA Piper did not respond to our inquiry on the matter.