Prior to the new round, the company had raised more than $22 million, most recently in a $4.6 million Series C. The new funding is a mix of debt and equity, and it comes from previous investors Foundation Capital and IDG Ventures, as well as City National Bank.
President and CEO James Beriker (who joined the company in November 2012) told me that although Simply Hired was founded a decade ago, it has recently been “the beneficiary of that movement of job seekers away from job boards and company sites, and towards search.” He suggested that Simply Hired’s “secret sauce” is using nine years of experience and technology development to “normalize all that unstructured data, creating an index that we think is highly searchable by job seekers.”
The company says it now operates in 24 countries, indexes 6 million jobs, and sees 30 million unique monthly visitors.
“Employers are starting to embrace new technologies in recruitment,” Beriker added. “It’s the same sort of transformation that we saw in the early days of Internet and advertising.”
Looking ahead, the company is working to use its data to make smarter recommendations, a shift that Beriker described as “moving from job search to job discovery.” That doesn’t just mean making personalized job recommendations, but also telling people how other users with similar résumés have succeeded — the kinds of skills they’ve developed, the kind of jobs they’ve applied for, and so on.