Glassdoor(R) Raises $40 Million in New Financing
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.
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.