Glassdoor(R) Raises $40 Million in New Financing
(Thomson Reuters ONE) -
Fast-Growing Job Site Continues Global Expansion Leveraging Transparency to Help
People Find the Right Jobs and Companies Find the Right Talent
MILL VALLEY, CA--(Marketwired - Jun 3, 2016) - Glassdoor, Inc., the world's most
transparent jobs and recruiting marketplace, today announced the closing of a
$40 million investment round led by funds and accounts advised by T. Rowe Price
Associates, Inc. Existing investors Battery Ventures, Google Capital, Sutter
Hill Ventures and Tiger Global also participated in the round. The company has
raised approximately $200 million since it was founded in 2007.
While best known for its proprietary user-generated content, Glassdoor is now
one of the largest job aggregation engines in the world. No other job site
offers as many job listings combined with such a vast array of workplace
insights, including company ratings and reviews, CEO approval ratings, detailed
pay data by job title, interview reviews, benefits reviews and office photos.
Glassdoor currently welcomes approximately 30 million monthly unique users and
now has data on more than 540,000 companies in 190 countries. This new financing
will support Glassdoor's continued growth and investments in product, marketing,
and people around the globe.
"We believe that Glassdoor is fundamentally changing the way job seekers search
for jobs and companies recruit talent. Their unique user-generated data includes
millions of reviews, which increases transparency in recruiting. Our view is
that Glassdoor is executing well, and it can be a much larger company over
time," said Henry Ellenbogen, portfolio manager of T. Rowe Price New Horizons
Fund, Inc.
"We're delighted to add T. Rowe Price to our incredible investor roster, as they
bring significant experience with late-stage, high-growth companies such as ours
and a long-term focus," said Robert Hohman, co-founder and CEO of Glassdoor,
Inc. "Regardless of where you live, where you work matters and the level of
transparency Glassdoor has brought to the market is helping people everywhere
find a job and company they love and, in turn, helping employers attract high-
quality candidates."
Tens of thousands of employers worldwide have claimed their profile on Glassdoor
and are leveraging free and/or paid services to engage with candidates and
employees, market open jobs and manage their employer brands. Approximately 40
percent of the Fortune 500 are currently Glassdoor clients. Glassdoor generates
revenue through job advertising, Enhanced Company Profiles, and display
advertising. Companies leveraging Glassdoor to manage their employer brands and
influence candidates include Chevron, Cigna, Dell, Enterprise Rent-A-Car,
Facebook, Goldman Sachs, Groupon, HP, Intuit, Procter & Gamble and Twitter.
Any official company representative(s) may claim their Glassdoor profile by
registering for a Free Employer Account, which allows authorized personnel to
respond to reviews, update company and benefits information, and access basic
analytics.
The company continues to expand its global footprint and now has localized
websites and mobile apps in 11 markets beyond Glassdoor.com's worldwide reach:
the UK, Canada, Australia, Germany, France, Netherlands, Ireland, Switzerland,
Austria, Belgium, and India. Glassdoor currently has approximately 600 employees
and recently opened offices in Chicago and Dublin, Ireland. Headquartered in the
Bay Area's Marin County, the company also has offices in London, Ohio and soon-
to-be San Francisco. Glassdoor is hiring in all locations.
About Glassdoor
Glassdoor is the most transparent jobs and recruiting marketplace that is
changing how people search for jobs and how companies recruit top talent.
Glassdoor combines free and anonymous reviews, ratings and salary content with
job listings to help job seekers find the best jobs and address critical
questions that come up during the job search, application, interview and
negotiation phases of employment. For employers, Glassdoor offers job posting,
recruiting and employer branding solutions to help attract high-quality
candidates at a fraction of the cost of other channels. In addition, Glassdoor
operates one of the most popular job apps on iOS and Android platforms. Launched
in 2008, Glassdoor has raised approximately $200 million from Google Capital,
Tiger Global, Benchmark, Battery Ventures, Sutter Hill Ventures, DAG Ventures,
Dragoneer Investment Group, funds and accounts advised by T. Rowe Price
Associates, Inc. and others.
Glassdoor is a registered trademark of Glassdoor, Inc.
CONTACT INFORMATION
Contact:
Samantha Zupan
pr(at)glassdoor.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Glassdoor.com via GlobeNewswire
[HUG#2018035]
Unternehmensinformation / Kurzprofil:
Datum: 03.06.2016 - 19:43 Uhr
Sprache: Deutsch
News-ID 475621
Anzahl Zeichen: 5660
contact information:
Town:
Sausalito
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 372 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Glassdoor(R) Raises $40 Million in New Financing"
steht unter der journalistisch-redaktionellen Verantwortung von
Glassdoor.com (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
