SOURCE: Greenhouse.io

Greenhouse.io

March 12, 2015 07:00 ET

Greenhouse Raises $13.6 Million in Series B Financing

Investment to Fuel Company's Continued Growth, Development of Innovative Recruiting Solutions

NEW YORK, NY--(Marketwired - Mar 12, 2015) -  Greenhouse Software, a leading recruiting optimization platform, announced today that it has raised $13.6 million in Series B funding, led by investor Benchmark and with additional funding from The Social+Capital Partnership, Felicis Ventures and Resolute Ventures.

"Benchmark has been researching the recruiting technology space for years looking for a breakout company to emerge," said Matt Cohler, General Partner at Benchmark. "In a few short years, Greenhouse has made the transformation from startup to a proven leader in the recruitment technology space, delivering solutions that transform how companies hire great talent. We are excited to join Greenhouse's mission to help companies hire more effectively."

Since its inception in 2012, Greenhouse has had a singular goal -- to make companies great at hiring. Its Software-as-a-Service (SaaS) platform is designed to remove the challenges associated with outstanding recruiting, such as planning, keeping hiring teams organized and capturing the right data to make informed decisions. As a result, Greenhouse clients can optimize the entire recruitment process -- from identifying the best candidate sources and creating consistent interview processes to evaluating candidates and extending offers -- and gain the support they need to ensure they hire driven employees who can make a difference in their organizations.

As one of the fastest-growing SaaS companies, Greenhouse is currently expanding rapidly as more employers across a range of industries and sizes recognize the value of its platform for connecting with top talent. To meet this accelerating demand, the company will use this latest round of funding to increase its sales, marketing, services and product development activities. Greenhouse will grow its internal team and continue investing in its platform, to ensure it remains at the forefront of recruiting innovation.

"Given the substantial challenges today's companies face in recruiting the talent their organizations need to be successful, Greenhouse is poised for continued growth, providing an intuitive solution to employers' biggest hiring obstacles," said Daniel Chait, CEO of Greenhouse. "As we seek to advance our mission and help more companies bring best practices and standardization to their hiring processes, this substantial investment will give us the support we need to extend our reach into new markets and connect with more companies that want to transform recruiting for the better."

About Benchmark
Benchmark invests in and works alongside entrepreneurs building startups into transformational companies. We focus on early-stage venture investing in mobile, marketplaces, social, and infrastructure and enterprise software. Benchmark's $425 million fund is comprised of five equal general partners who take board seats and a hands-on approach to every entrepreneur and company we back, with no junior investment staff. Benchmark's current portfolio of early-stage venture investments includes private market leaders such as Uber, Snapchat, Tinder, Stitch Fix, Elasticsearch and Cyanogen; recent IPOs and acquisitions such as Twitter, Instagram, Yelp, League of Legends, OpenTable, New Relic, Hortonworks, GrubHub, Zendesk and Zillow; and franchise companies from Juniper to eBay. In the past four years 14 of Benchmark's companies have gone public and 21 have been acquired, representing a cumulative market value of approximately $100 billion. Benchmark's offices are in San Francisco and Woodside. For more information, visit www.benchmark.com.

About The Social+Capital Partnership
The Social+Capital Partnership ("Social Capital") is a partnership of philanthropists, technologists and capitalists utilizing venture capital as a force to create value and change on a global scale. The Partnership is based in Palo Alto, California.

About Resolute Ventures
Resolute Ventures is a lead Seed and "Pre-Seed" investor, focused on building a community of Founders who: share a certain entrepreneurial spirit and energy; are driven by a need to work on things that matter; are unafraid to dream big; are founders whom we think have a better chance than most to actually achieve those dreams; and who believe being connected to a group of like-minded founders will help them succeed.

About Felicis Ventures
Founded in 2006, Felicis Ventures is a boutique venture capital firm based in Palo Alto. The firm invests in iconic companies with a focus on reinvention of core markets (Adyen, Bonobos, Clearslide, Rovio, Shopify), as well as development of frontier areas (Counsyl, Fitbit, Matterport, Planet Labs, Vicarious). 50 Felicis portfolio companies have been acquired or gone public, including Meraki (acquired by Cisco), Climate Corporation (acquired by Monsanto), Dropcam and Wildfire (both acquired by Google).

About Greenhouse
Greenhouse Software is a recruiting optimization platform that helps companies source, interview and hire the best talent. Located in San Francisco and New York City, Greenhouse was founded by Daniel Chait and Jon Stross. Greenhouse currently works with companies like Airbnb, Pinterest, Riot Games and more. To learn more or request a demo visit greenhouse.io.