Glassdoor Closes $70M Funding Round Led By Google Capital And Tiger Global

Next Story

Kickstarter’s 2014 Score Card: $529M Pledged By 3.3M Backers, 22K Funded Projects

Glassdoor, the site that lets employees rate their companies’ work environment and anonymously disclose their salary information, today announced that it has raised a $70 million funding round led by Google Capital, the search engine’s late-stage growth equity fund, and Tiger Global. Other participants include current investors Battery Ventures and Sutter Hill Ventures. This new round brings Glassdoor’s total funding to just over $160 million.

While Glassdoor may be best known for its rankings, the company also runs one of the largest job search and recruiting platforms with 27 million members. About 2,000 companies now use the service’s branding and recruiting tools. In total, over 31,500 companies also use Glassdoor’s Free Employer Accounts to respond to reviews, and its users have generated over 7.5 million reviews, rating and salary reports that now cover more than 340,000 companies in over 190 countries and territories. The company recently launched its first non-English site and apps in France.

“With a $90 billion global recruiting and employment market, there’s enormous opportunity for growth,” said Laela Sturdy, a partner at Google Capital, in a canned statement today. “Glassdoor‘s job database, advanced search tools and growing global audience are attracting both job seekers and employer advertisers.”

The company tells me it doesn’t have any specific plans for the new funding. Instead, the capital is mostly meant to provide Glassdoor with the flexibility to continue to grow and expand internationally. It’s worth noting that Glassdoor has been investing heavily in its meta-search engine for jobs and other employer-focused products.

Chances are, then, that at least some of its new funding will also go toward expanding that site of its business, too. In addition, a Glassdoor spokesperson told me that the company also continues to hire, with plans to add over 100 people to its roster this year alone.

Featured Image: photologue_np/Flickr UNDER A CC BY 2.0 LICENSE