Reviews site Glassdoor raises $70 million led by Google Capital
No specific plans were laid out for the utilization of the new funding, but for now it sounds like it will be used to boost the company's global footprint, which already includes roughly 190 countries.
Glassdoor announced Tuesday that it has closed a $70 million funding round led by Google Capital and Tiger Global, bringing the company's financing total to around $160 million.
The Mill Valley, Calif-based company, which launched in 2008, provides job seeker tools such as employer ratings and reviews, CEO approval ratings, salary data by job title and employer, interview reviews and office photos.
And while it's known mostly for its reviews and rankings, Glassdoor has also built a bustling online community for job seekers and recruiters that boasts 27 million registered members. It claims companies such as Facebook, HP, Dell, Intuit and Twitter as employer clients that use its database of job applicants and recruiting tools to hunt for qualified staff. In total, about 2,000 companies use Glassdoor's branding and recruiting tools and more than 31,000 use its its Free Employer Accounts feature to respond to anonymous reviews.
No specific plans were laid out for the utilization of the new funding, but Glassdoor CEO and co-founder Robert Hohman hinted that it will be used to expand the company's service portfolio and boost its global footprint, which already includes roughly 190 countries. The company also recently launched its first non-English site and apps in France.
"With a $90 billion global recruiting and employment market, there's enormous opportunity for growth," said Laela Sturdy, a partner at Google Capital, in a prepared statement. "Glassdoor's job database, advanced search tools and growing global audience are attracting both job seekers and employer advertisers."