SOURCE: Glassdoor.com

Glassdoor.com

January 06, 2015 08:00 ET

Glassdoor Raises $70 Million Led by Google Capital and Tiger Global

Company Has Become One of the World's Largest Job Search and Recruiting Platforms Leveraging Proprietary User-Generated Reviews, Ratings and Salary Content

MILL VALLEY, CA--(Marketwired - Jan 6, 2015) - Glassdoor, Inc., the world's most transparent jobs and career marketplace, today announced it has raised $70 million in new financing led by Google Capital and existing investor Tiger Global with participation by existing investors Battery Ventures and Sutter Hill Ventures. To date, Glassdoor has raised approximately $160 million in financing.

Glassdoor is disrupting the employment space, introducing important transparency with free and anonymous user-generated, company-specific reviews, ratings and salary content that currently spans more than 340,000 companies in more than 190 countries. The company has also made sizable investments in building a jobs meta-search engine and employer-focused products that have helped make Glassdoor one of the largest job search and recruiting platforms in the world. 

"We're extremely impressed with Glassdoor's trajectory and the team behind it. With a $90 billion global recruiting and employment market, there's enormous opportunity for growth," said Laela Sturdy, partner at Google Capital. "Glassdoor's jobs database, advanced search tools and growing global audience are attracting both job seekers and employer advertisers. We're excited to work with Glassdoor as they help companies increase the effectiveness of their recruiting -- and help more and more people find great jobs."

With more than 27 million registered members worldwide, employer interest in Glassdoor as a recruiting solution is steadily growing. Glassdoor for Employers offers companies a variety of recruiting advertising products and a proprietary analytics dashboard to actively manage their employer brand; engage with job seekers and employees; and create highly targeted, cost-effective recruiting campaigns to hire great people. Glassdoor currently has more than 2,000 employer clients1, including such brands as Chevron, Cigna, Dell, Enterprise Rent-A-Car, Facebook, Goldman Sachs, Groupon, HP, Intuit, Procter & Gamble and Twitter.

"We're incredibly excited to welcome Google Capital as an investor, and already see great value in the collaboration as we accelerate investments in strategic growth areas such as expanding Glassdoor's global footprint," said Robert Hohman, CEO and co-founder of Glassdoor, Inc. "Our transparency is unrivaled, and we're fundamentally changing how people search for jobs and companies recruit top talent. With our unique content and hyper-targeted recruiting tools, we help people find the jobs and companies they love and, in turn, connect employers with high quality candidates at a fraction of the cost of other recruiting channels."

In addition to recruiting advertising products, companies are also utilizing Glassdoor's Free Employer Accounts to manage sections of their Glassdoor company profile and comment on employee and candidate reviews. In just over a year, more than 31,500 companies have registered for a free Glassdoor account.

The company recently launched its first non-English website and mobile apps in France and is planning to launch in more non-English speaking markets in 2015 and beyond. Regardless of market, Glassdoor members can find and share the same types of useful insights, including company ratings and reviews, CEO approval ratings, salary data by job title and employer, interview reviews, office photos, and benefits reviews. No other jobs or career site combines this vast array of user-generated content with job listings to provide an inside look at what it is really like to work at a particular company.

The company, which currently employs approximately 350 people, is headquartered about six miles north of San Francisco in Mill Valley and is currently hiring.

About Google Capital
Google Capital is a growth equity fund backed by Google. Google Capital invests in companies that use technology to change the way people experience the world. Advised by Google technology, product and business leaders, the Google Capital team has the extensive operational and technical expertise to make smarter investments and help our portfolio companies succeed. Some of Google Capital's investments to date include SurveyMonkey, Lending Club, and Credit Karma. (www.googlecapital.com)

About Glassdoor
Glassdoor is the most transparent jobs and career 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 recruiting and employer branding solutions to help attract high-quality candidates at a fraction of the cost of other channels. Glassdoor, which has more than 27 million members and content from more than 190 countries, operates one of the most popular job apps on iOS and Android. The company launched in 2008 and has raised approximately $160 million from Google Capital, Tiger Global, Benchmark, Battery Ventures, Sutter Hill Ventures, DAG Ventures, Dragoneer Investment Group, and others.

Glassdoor.com is a registered trademark of Glassdoor, Inc.

1 excludes self-service job posting clients