Greenhouse has successfully raised significant funding over multiple rounds, establishing itself as a key player in the applicant tracking and hiring solutions market. The platform offers a comprehensive suite of tools designed to enhance every stage of the hiring process, from talent sourcing to onboarding.
Continue reading to delve into the details of Greenhouse's fundraising journey and discover the investors who are backing this innovative platform.
What Is Greenhouse?
Greenhouse, founded in 2012, is headquartered in New York City. The company was established by Daniel Chait and Jon Stross. Greenhouse employs over 500 people, providing applicant tracking software and hiring solutions.
How Much Funding Has Greenhouse Raised?
- Series A
- Amount Raised: $7,500,000
- Date: August 2014
- Lead Investors: The Social Capital Partnership
- Motivation Behind the Round: To support the company's initial growth and product development efforts.
- Series B
- Amount Raised: $13,600,000
- Date: March 2015
- Lead Investors: Benchmark
- Motivation Behind the Round: To expand sales, marketing, services, and product development activities, and to grow the internal team.
- Series C
- Amount Raised: $35,000,000
- Date: August 2015
- Lead Investors: Thrive Capital
- Motivation Behind the Round: To sustain rapid growth, hire additional staff, develop new solutions for talent acquisition, and expand into new markets globally.
- Unknown Round
- Amount Raised: $2,700,000
- Date: November 2013
- Lead Investors: The Social Capital Partnership, Resolute Ventures
- Motivation Behind the Round: To build a bigger engineering team, enhance sales and marketing efforts, and grow the company's capacity to handle more clients.
Total Amount Raised: $58.8 million. Current Valuation: $500 million.
Key Investors
- Thrive Capital
- Details: Thrive Capital is a private equity and venture capital firm focused on technology and media investments. Founded in 2009, the firm is known for its hands-on approach and involvement in its portfolio companies.
- Investment Focus Areas: Technology, media, high-growth companies.
- Notable Investments: Instagram, Twitch, Warby Parker.
- Benchmark
- Details: Benchmark is a venture capital firm that invests in early-stage startups. The firm has a strong track record of backing companies that become market leaders.
- Investment Focus Areas: Mobile, marketplaces, social, infrastructure, enterprise software.
- Notable Investments: Uber, Snapchat, Tinder.
- The Social+Capital Partnership
- Details: The Social+Capital Partnership, also known as Social Capital, is a venture capital firm that combines philanthropy, technology, and capital to create global value and change.
- Investment Focus Areas: Healthcare, education, financial services, enterprise software.
- Notable Investments: Slack, Yammer, Box.
- Groupe Arnault
- Details: Groupe Arnault is the family holding company of Bernard Arnault, primarily active in the luxury goods sector. The firm also holds a diverse portfolio of financial investments across various industries.
- Investment Focus Areas: Luxury goods, technology, media.
- Notable Investments: Christian Dior, LVMH - Louis Vuitton Moët Hennessy.
- Felicis Ventures
- Details: Felicis Ventures is a boutique venture capital firm based in Palo Alto, founded in 2006. The firm focuses on investing in companies that reinvent core markets and develop frontier areas.
- Investment Focus Areas: Core market reinvention, frontier areas, technology.
- Notable Investments: Adyen, Shopify, Fitbit.
What's Next for Greenhouse?
Greenhouse is poised to capitalize on several significant opportunities. With only 10% of its business overseas, the potential for international expansion is vast. The company aims to refine its software for larger clients, enhancing infrastructure and compliance. This focus on high-performance, specialized HR tools aligns with industry trends, where efficient recruitment processes and enhanced candidate experiences are becoming critical.
Given the strong investor confidence, future fundraising opportunities seem promising. The recent $35 million Series C funding round, led by Thrive Capital, underscores the potential for additional rounds to support further growth and innovation. Greenhouse's rapid expansion and market leadership suggest that more investors will be eager to back its journey.
However, challenges remain. The company must navigate a crowded market of recruitment solutions while maintaining its human-centric culture. Ensuring robust compliance and infrastructure for larger clients and balancing functionality with user interface design will be crucial. Successfully expanding into new international markets will also test Greenhouse's adaptability and strategic planning.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data on companies like Greenhouse and gather other critical business insights.
Sign up for free on Clay and start transforming your sales strategy today.
