Employer Review and Career Site Gets $50 Million For Expansion

Dec 5, 2013
This article is part of a series called Financial.

glassdoor logoGlassdoor, the site where employees review employers, has $50 million more in the bank this morning, an investment it will use to accelerate product development and grow internationally.

The latest round of financing brings the total invested in the five-year-old company to almost $93. million. It comes a little more than a year after a $20 million financing round led by DAG Ventures with participation from existing investors Benchmark Capital, Sutter Hill Ventures and Battery Ventures.

This round was led by Tiger Global Management, with new investor Dragoneer Investment Group, and previous investors Battery Ventures, Benchmark Capital, DAG Ventures and Sutter Hill Ventures participating.

In the announcement released today, Robert Hohman, co-founder and CEO of Glassdoor, said, “This additional capital will allow us to further accelerate our growth and capitalize on our sweet spot at the intersection of social, mobile and data to deliver on our mission to help people find jobs and companies they love.”

Launched in June 2008, Glassdoor quickly raised fears among corporate HR professionals that disgruntled employees and former employees would use the site to bash employers. Some of that happened, but by and large Glassdoor’s reviews are a balanced mix. As the site has grown and new products added, Glassdoor has expanded well beyond employer reviews to incorporate job postings, career information, and corporate profiles, among other features.

The company regularly issues entertaining lists of oddball interview questions, company and CEO rankings, and more.

Recruiters post jobs to Glassdoor and source candidates from the site, where candidates and interested job seekers go to conduct their research before applying. Increasingly, they are also going there to search for jobs. In addition to targeted, paid job postings, Glassdoor aggregates millions of jobs from corporate sites and other sources.

Today, Glassdoor ranks as a leading career portal and counts some 22 million members. It has data on nearly 300,000 companies in 190 countries. About 25 percent of Glassdoor visitors come from outside the United States.

In the announcement of the latest financing, Glassdoor reported it has more than 15,000 free employer accounts, giving recruiters access to the user community and access to basic analytics.

The statement notes, “An additional 1,400 employers subscribe to Glassdoor Talent Solutions, offering Enhanced Profiles, JobAds, Display Advertising, and Advanced Analytics. The rate of employers subscribing to Glassdoor Talent Solutions and the growth in associated revenue continue to accelerate.”

This article is part of a series called Financial.
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