Investment totals $97 million
By Loralee Stevens, Special to the Business Journal
SAUSALITO — Glassdoor, Inc., creator of an online jobs and career community used globally, on Thursday said it closed $50 million in additional financing,
That brings total capital investment in the 6-year-old company to nearly $93 million. Glassdoor plans to expand its workforce, now at 200, by 100 employees during the coming year.
According to Glassdoor CEO and co-founder Robert Hohman, the company plans to use the capital to expand its team, accelerate international expansion and further invest in products for job-seekers and employers on mobile and the desktop.
“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 help people find the jobs and companies they love,” he said.
Glassdoor plans to move to 30,000 square feet of office space in San Rafael early next year. The company is currently looking for more space in the North Bay area.
“We really love living and working in Marin County, and we plan to stay headquartered within Marin for years to come,” said Mr. Hohman.
The latest round of funding was led by Tiger Global Management with participation by new investor Dragoneer Investment Group. Existing investors Battery Ventures, Benchmark Capital, DAG Ventures and Sutter Hill Ventures also participated.
Glassdoor started in 2007 as a site where employees could anonymously rate their companies and offer insider information such as salaries. The company has since built on its user-generated data base – now at 22 million members — to create a proprietary job listings and recruiting platform for both employers and employees.
With more than 22 million members, the company now has data on nearly 300,000 companies in 190 countries. More than 25 percent of Glassdoor visitors originate from outside the United States.
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