LatPro Receives $1M Angel Round

LatPro.com, an online employment site for Spanish and Portuguese-speaking job seekers throughout Latin and North America, closed on its angel round of financing with a $1 million capital infusion from Miami-based Perkins & Associates.

“LatPro.com has a stronghold on a niche market and a proven business model,” Frederick Perkins, president of Perkins & Associates, said in a statement. Perkins could not be reached for further comment by press time.

Eric Shannon, founder and chief executive of LatPro.com, said the rush of U.S. companies seeking to establish a Latin American presence has created “tremendous employment opportunities for Spanish and Portuguese-speaking professionals, both in their native countries and abroad.”

LatPro said it will use the funds to both expand its management team and to upgrade its technological infrastructure. The company publishes job opportunities with Spanish and Portuguese language requirements for industry recruiters. It also delivers job announcements by e-mail and offers mailing lists for jobs in thirty functional categories, as well as offers free online newsletters, job-search advice and resource directories.

LatPro.com was launched in June of 1997 as a clearinghouse for management jobs requiring Spanish or Portuguese and English language skills. It will reportedly deliver its 30,000th resume to industry recruiters this month.