SnagAJob.com, an online community of hourly workers and provider of hourly workforce management solutions, this morning announced that it has secured $27 million in Series C funding in a round led by August Capital.
Other private equity investors in SnagAJob for this and previous rounds of funding include Adams Street Partners, Baird Venture Partners and C&B Capital. The Series C round brings the company’s total raised to $41 million.
Founded back in 2000, SnagAJob says its online community has now grown to nearly 28 million hourly workers, growing by over a million every two months. The company also claims that it has logged a 1,185% revenue growth rate over the past seven years and 400% website traffic growth rate over the past five years.
SnagAJob says it will use the proceeds to expand its product portfolio, intensify marketing efforts and increase the size of its sales team. The company expects to reach a total headcount of about 300 people by the end of this year.
August Capital partner Eric Carlborg will join the SnagAJob board of directors.
With more than 30 million registered job seekers and 250,000+ active job postings, Snagajob is the nation’s number one source for hourly employment. Each day we strive to achieve our mission - “ to help people find the right-fit positions so that they can maximize their potential and lead more fulfilling lives. Our employer solutions help streamline the complex hourly hiring process so managers can focus on the people and not the paperwork. We’re honored to have been...
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