Total amount raised
$204.5 Millions
Latest funding date
1/1/2017
Location
Glassdoor has successfully raised significant funding over multiple rounds, culminating in its acquisition by Recruit Holdings for $1.2 billion. The platform offers a comprehensive suite of services, including job listings, company reviews, and salary comparisons.
Keep reading to explore the intricacies of Glassdoor's fundraising journey and the investors backing this influential platform.
What Is Glassdoor?
Glassdoor, founded in June 2007 by Rich Barton, Robert Hohman, and Tim Besse, is a job and recruiting site based in San Francisco, California. The platform offers job listings, company reviews, salary comparisons, and employer branding services. With a workforce of 501-1000 employees, Glassdoor aims to provide a comprehensive career community for job seekers and employers alike.
How Much Funding Has Glassdoor Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2007
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the platform and launch the business.
- Series A
- Amount Raised: $3M
- Date: November 2007
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's features.
- Series B
- Amount Raised: $3M
- Date: March 2008
- Lead Investors: Benchmark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market reach.
- Series B
- Amount Raised: $6.5M
- Date: October 2008
- Lead Investors: Sutter Hill Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform and user base.
- Series C
- Amount Raised: $12M
- Date: February 2011
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and support growth initiatives.
- Series D
- Amount Raised: $20M
- Date: October 2012
- Lead Investors: DAG Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand internationally and improve platform capabilities.
- Series E
- Amount Raised: $50M
- Date: December 2013
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance user experience.
- Series F
- Amount Raised: $70M
- Date: January 2015
- Lead Investors: CapitalG, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and support global expansion.
- Series H
- Amount Raised: $40M
- Date: June 2016
- Lead Investors: T. Rowe Price
- Valuation at Round: $1B
- Motivation Behind the Round: To bring on strategic investors and prepare for future IPO.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: January 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
Total Amount Raised: $204.5M. Current Valuation: $1.2B.
Key Investors
- T. Rowe Price
- Details: T. Rowe Price is a global investment management firm known for its mutual funds and advisory services. The firm has a strong presence in the financial industry and is recognized for its long-term investment strategies.
- Investment Focus Areas: Mutual funds, retirement plans, institutional investments.
- Notable Investments: Amazon, Facebook, Google.
- Battery Ventures
- Details: Battery Ventures is a venture capital and private equity firm that invests in technology-driven companies. The firm has a history of supporting innovative startups and helping them scale.
- Investment Focus Areas: Technology, software, cloud computing.
- Notable Investments: Nutanix, Coupa, Glassdoor.
- CapitalG
- Details: CapitalG, formerly known as Google Capital, is a growth equity investment fund backed by Alphabet Inc. The firm focuses on investing in growth-stage companies with high potential.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Airbnb, Lyft, Stripe.
- Sutter Hill Ventures
- Details: Sutter Hill Ventures is a venture capital firm that invests in early-stage technology companies. The firm has a long history of supporting startups and helping them grow into successful businesses.
- Investment Focus Areas: Technology, enterprise software, cloud computing.
- Notable Investments: Pure Storage, Sumo Logic, Snowflake.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global internet, software, consumer, and financial technology industries. The firm is known for its aggressive investment strategies and significant stakes in high-growth companies.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
What's Next for Glassdoor?
Glassdoor's future is brimming with opportunities. With plans to expand its user-generated content and enhance machine learning capabilities, the platform aims to improve job-candidate matching and increase the number of companies paying for enhanced profile access. The international expansion also presents a significant growth avenue, given the platform's current reach of 500,000 business profiles but only 4,000 paying customers.
Future fundraising could see Glassdoor pursuing an IPO, especially with strategic interest from investors like T. Rowe Price. The company may also attract further investment rounds to support its growth initiatives and technological advancements. However, challenges such as intense competition from established players like LinkedIn and Indeed, maintaining content quality, and navigating international markets could pose hurdles along the way.
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