Job transitions can feel like a frustrating, dizzying progression of prospects that do not go anywhere.
Glassdoor has locked up $20 million in new financing to make the job-hunting process more transparent. This career and jobs community provides a range of services such as job search, personalized job listings, company reviews, interview advice, and salary comparisons. Glassdoor strives to distinguish itself by offering “employee generated content,” which can give users insider insight into what it could be like to work at a particular company.
The platform contains information on more than 220,000 companies in 190 countries. With 14 million registered users and more than 13 million monthly unique visitors, the site’s traffic has exploded in the past year, with 40% of the traffic coming from abroad. The company claims that a new user is added every two seconds.
This growth is partly attributable to the release of Inside Connections earlier this year, a tool that lets users leverage their Facebook network into a source for career development. The JobScope technology provides job seekers with a comprehensive look at each listing and the company behind it. Glassdoor can also be used by businesses to recruit, market, and manage their brands.
This round was led by DAG Ventures, with participation from Benchmark Capital, Sutter Hill Ventures, and Battery Ventures. This brings the total investment in Glassdoor to $42.2 million. The company is based in Sausalito, Calif. Read more on VentureBeat.