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BranchOut snags $18 million

BranchOut, a professional networking service on Facebook, announced today it has secured $18 million in Series B funding led by Redpoint Ventures with Accel Partners, Norwest Venture Partners, and Floodgate participating in the round.

To date, BranchOut has raised $24 million. Founder Rick Marini told tech blog Techcrunch that the money will be used mainly for hiring sales and engineering professionals.

BranchOut is also shifting focus from the consumer to building out enterprise products, including a pending interface for recruiters and sales people to search the app’s database for prospective connections and leads.

The company, which was founded in July 2010, uses a similar networking approach as professional networking site LinkedIn. It draws upon a user’s Facebook network to find jobs through friends.

The app also enables you to search for companies and then displays who among your friends works there or knows someone who works there.

Techcrunch writes that the application does what LinkedIn hasn’t done with Facebook— it unlocks the massive amounts of career data about your social graph on the world’s largest social network that was just impossible to get to before.

Along with facilitating connections, BranchOut allows users to build profiles and import professional data from Facebook and LinkedIn. Companies can post jobs to networks which can be shared among friends.

Currently, BranchOut allows you to search over three million jobs and 20,000 internships. The app also has 300,000 monthly active users and is steadily growing.

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