Glassdoor

Jobs Aggregator Glassdoor Raises $40 Million in New Financing Round

Jobs Aggregator Glassdoor Raises $40 Million in New Financing Round
Image credit: Shutterstock
1 min read
This story originally appeared on Reuters

Job aggregation website Glassdoor Inc. said it has raised $40 million in a new financing round, led by funds advised by T. Rowe Price Associates Inc. along with existing investors including Google Capital and Tiger Global.

While Glassdoor declined to specify its exact valuation after the round, a company spokeswoman told Reuters it was "around $1 billion".

Glassdoor has raised about $200 million since 2007, and the new financing will fund investments in products and marketing, the company said.

Glassdoor's sales have risen 100 percent each year on average for the last four years, Chief Executive Robert Hohman told Reuters. Hohman declined to provide revenue figures for the company, but said it has 4,000 paying customers.

The Mill Valley, California-based Glassdoor generates revenue through job advertising, display advertising and enhanced company profiles.

(Reporting by Heather Somerville in California and Abinaya Vijayaraghavan in Bengaluru; Editing by Sunil Nair)

More from Entrepreneur

Grow Your Business at Entrepreneur LIVE! Join us on Nov. 16 in Brooklyn, NY, to learn from legends like Danica Patrick and Maria Sharapova, pitch our editors, meet with investors, and potentially walk away with funding!
Register here

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.