SOURCE: Greenhouse

Greenhouse

August 25, 2015 07:00 ET

Greenhouse Raises $35 Million in Latest Round of Funding

Investment to Support Company's Rapid Growth and Fuel International Expansion

NEW YORK, NY--(Marketwired - Aug 25, 2015) - Greenhouse Software, the leading recruiting optimization platform, today announced that it has raised $35 million in Series C funding, led by Thrive Capital and with additional funding by return investors Benchmark and The Social+Capital Partnership as well as Groupe Arnault.

"Greenhouse is the true market leader, having separated itself from a crowded field to improve the hiring process," said Will Gaybrick, Partner at Thrive Capital. "Thrive Capital has seen Greenhouse's proprietary system in action with many of our portfolio companies, and we are proud to lead this investment as Greenhouse continues to develop the most groundbreaking recruitment solutions on the market."

This latest round of financing follows Greenhouse's previous round of $13.6 million in Series B funding announced in March. The funding is testament to the company's growth and rapidly increasing adoption of its talent acquisition platform. Designed to help companies compete better for top talent and optimize their recruitment, Greenhouse helps employers hire the best candidates the first time. The result is that employers can more effectively find talent with the needed skills and cultural fit through a much faster hiring process while delivering an enhanced candidate experience.

Greenhouse will leverage the $35 million investment to sustain its rapid growth and hire additional people to support its mission of developing new solutions to the biggest problems in talent acquisition. The company also plans to further expand its sales, marketing, services and product development initiatives to secure its position at the forefront of recruitment innovation. In addition, the round of funding will help Greenhouse expand to new markets and provide employers around the globe with the recruiting technology to transform how they recruit. 

"Greenhouse is dedicated to delivering the technology that enables employers to optimize their recruitment and hire top employees faster," said Daniel Chait, CEO of Greenhouse. "We are thrilled that our investors recognize the current strength and future promise of our technology. This significant investment will enable us to further grow our team and develop new capabilities to meet the recruiting needs of companies today and tomorrow."

About Thrive Capital
Thrive Capital is a private equity and venture capital firm focused on technology and media investments. Since its founding in 2009, Thrive has invested in companies including Instagram, Twitch, Warby Parker, Oscar, Spotify and Harry's.

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 Groupe Arnault
Groupe Arnault is the family holding company of Bernard Arnault. Groupe Arnault carries out most of its activities in the luxury goods sector via its controlling interest in Christian Dior and LVMH - Louis Vuitton Moët Hennessy. Groupe Arnault also holds a portfolio of financial investments across various industries with the objective of partnering with entrepreneurs and offering them support to expand their businesses internationally.

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.