Glassdoor, a company review site that provides information on companies’ work environments, salary details, reviews, interviews and job listings, disclosed that it has raised $70 million at a valuation of close to $1 billion and plans for an IPO to continue. The funding round was led by Google Inc, its late-stage equity fund and Tiger Global. Other participants include current investors Battery Ventures and Sutter Hill Ventures. Its total funding now amounts to a whopping $160 million.
The company review site has a recruiting platform with 27 million members and over 2,000 companies that use its branding and recruiting tools. It is currently sitting on an enormous wealth of anonymous information, it claims to have more than 7.5 million reviews, ratings and salary reports and information on more than 340,000 companies. Glassdoor recently expanded by building its first non-English site and apps that it launched 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 canned statement today. “Glassdoor‘s job database, advanced search tools and growing global audience are attracting both job seekers and employer advertisers.”
The company review site has been investing heavily in its meta-search engine for jobs and other employer-focused products. The new funding is expected to fuel Glassdoor’s plans for international expansion as it continues to grow with Laela Sturdy joining the board as an observer.
This article was syndicated from Business 2 Community: Company Review Site Glassdoor Raises $70M In Funding Led By Google Capital
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