Glassdoor Raises $70 Million in Financing Led by Google Capital
Posted on January 6, 2015
The Glassdoor job site has raised $70 million in a financing round. Glassdoor made the announcement in a press release. The company says the financing was led by Google Capital and Tiger Global.The Wall Street Journal reports that this gives the site a near $1 billion valuation which seems enormous for a job website. The WSJ says company is planning an IPO.
Glassdoor co-founder and CEO says in a statement, "We're incredibly excited to welcome Google Capital as an investor, and already see great value in the collaboration as we accelerate investments in strategic growth areas such as expanding Glassdoor's global footprint. Our transparency is unrivaled, and we’re fundamentally changing how people search for jobs and companies recruit top talent. With our unique content and hyper-targeted recruiting tools, we help people find the jobs and companies they love and, in turn, connect employers with high quality candidates at a fraction of the cost of other recruiting channels."
The Glassdoor site at glassdoor.com combines company reviews (including anonymous reviews from employees) and ratings with job listings. Other content includes salary information, CEO approval ratings, office photos and reviews of corporate benefits. Glassdoor says it has 27 million members. It also says it has data on over 340,000 companies in 190 countries.