ZipRecruiter, a startup that helps companies find job candidates by posting job descriptions on scores of Internet job boards, has secured $63 million in venture funding.
The money will go toward product development and acquisitions, among other things, the company said today in a statement.
This marks the first time ZipRecruiter is raising venture funding, a spokeswoman told VentureBeat in an email. The $63 million figure is curiously large for an initial round. But several other startups pushing hiring tools have raised funding lately.
Consider Gild, Jibe, The Resumator, Work4, and Workable. ZipRecruiter would be wise to think about keeping up with the help of external capital and possibly taking some smaller competitors off the market.
With ZipRecruiter, HR people can automatically disseminate job descriptions to scores of sites, while making sure the postings look clean on mobile devices. The startup shoots out job openings on social networks. It’s also possible to search through ZipRecruiter’s database of candidates. Once candidates apply, HR people can screen candidates with online questionnaires and export data for analysis in other software.
Monthly prices for the service vary based on how many job openings companies submit and how many resumés HR people access in the ZipRecruiter database.
The startup began in 2010 and is based in Santa Monica, Calif.
More than 250,000 companies, including Burger King, Ford, Netflix, and Wells Fargo, have tapped ZipRecruiter in the past, according to the startup’s website.
Institutional Venture Partners led the round. Basepoint Ventures and Industry Ventures also participated.