Total amount raised
$110.1 Millions
Latest funding date
Location
Greenhouse Software has successfully raised significant funding through multiple rounds, culminating in a Series D round. The company was acquired by TPG for $500 million in January 2021.
With 18 investors backing its innovative hiring platform, Greenhouse Software continues to enhance its comprehensive suite of tools designed to streamline the hiring process. Keep reading to explore the intricacies of Greenhouse Software's fundraising journey and the investors supporting this dynamic platform.
What Is Greenhouse Software?
Greenhouse Software, founded in January 2012 by Daniel Chait and Jon Stross, is a leading provider of talent acquisition software. Headquartered in New York City, the company also has offices in San Francisco, Denver, and Dublin.
Specializing in B2B, enterprise software, and SaaS, Greenhouse offers a comprehensive suite of tools to streamline the hiring process. With a workforce of 501-1000 employees, the company supports over 7,000 customers globally.
How Much Funding Has Greenhouse Software Raised?
- Seed Round
- Amount Raised: $700K
- Date: May 1, 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the core product and establish the company.
- Seed Round
- Amount Raised: $1M
- Date: May 13, 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Seed Round
- Amount Raised: $2M
- Date: Nov 14, 2013
- Lead Investors: Resolute Ventures, Social Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the product offering.
- Series A
- Amount Raised: $7.5M
- Date: Aug 13, 2014
- Lead Investors: Social Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and invest in marketing and sales efforts.
- Series B
- Amount Raised: $13.9M
- Date: Mar 9, 2015
- Lead Investors: Benchmark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand customer support services.
- Series C
- Amount Raised: $35M
- Date: Aug 24, 2015
- Lead Investors: Thrive Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance product features.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: Jul 14, 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and product innovation.
- Series D
- Amount Raised: $50M
- Date: Jul 12, 2018
- Lead Investors: Riverwood Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive growth across enterprise clients and invest in R&D for product innovation.
Total Amount Raised: $110.1M. Current Valuation: Not publicly disclosed.
Key Investors
- Riverwood Capital
- Details: Riverwood Capital is a private equity firm that invests in high-growth technology companies. They focus on providing growth capital and operational support to their portfolio companies.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Greenhouse Software, GoPro, Globant.
- Thrive Capital
- Details: Thrive Capital is a venture capital firm based in New York City. They invest in internet and software companies at various stages of growth.
- Investment Focus Areas: Internet, software, financial technology.
- Notable Investments: Instagram, Stripe, Robinhood.
- Benchmark
- Details: Benchmark is a venture capital firm that focuses on early-stage investments in technology companies. They are known for their hands-on approach and strong network in Silicon Valley.
- Investment Focus Areas: Technology, software, consumer internet.
- Notable Investments: Uber, Twitter, eBay.
- Social Capital
- Details: Social Capital is a venture capital firm that aims to solve the world's hardest problems by investing in technology and healthcare companies. They focus on companies that have a positive social impact.
- Investment Focus Areas: Healthcare, education, financial services.
- Notable Investments: Slack, SurveyMonkey, Box.
- Resolute Ventures
- Details: Resolute Ventures is an early-stage venture capital firm that invests in seed-stage companies. They focus on building long-term relationships with founders and providing strategic support.
- Investment Focus Areas: Technology, software, consumer products.
- Notable Investments: BarkBox, Opendoor, Clutter.
What's Next for Greenhouse Software?
Greenhouse Software stands at the cusp of significant growth opportunities. With a strong focus on expanding its enterprise client base both domestically and internationally, the company is poised to leverage its recent $50 million Series D funding to enhance its product offerings. Investments in research and development will drive innovation in recruiting, onboarding, hiring analytics, and diversity and inclusion, positioning Greenhouse as a leader in the talent acquisition space.
Future fundraising opportunities appear promising, given the company's robust growth trajectory and the increasing demand for enterprise talent acquisition software. Additional venture capital rounds or strategic investments could further bolster Greenhouse's market presence and product capabilities. However, the company may face challenges such as competition from other HR software providers and the need to keep pace with rapid technological advancements and global regulatory compliance.
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