Jobbio recruits Dermot Desmond as backer

Dermot Desmond

Billionaire financier Dermot Desmond has taken a significant position in online recruitment start-up Jobbio as part of a multimillion euro cash call for the Dublin company.

It is understood that Desmond stepped into a funding round that was already underway and contributed significantly to the cash raise, which is thought to be in the region of €8 million.

Staff at the company were told about the deal last week. All the existing investors ...