Glassdoor snags $12 million in funding

Glassdoor, a free and anonymous jobs and career community that offers an inside look at companies and access to job listings, announced today it has secured $12 million in venture capital.

The funding was led by Battery Ventures with participation by existing investors Benchmark Capital and Sutter Hill Ventures.

Since Glassdoor began in 2007, it has raised a total of $22.2 million, including the current round.

According to a press release, the money will be used to invest in international expansion, more data and advertising technology, and hiring.

The past year marked many milestones for the company. Traffic grew nearly 150 percent over 2009, and Glassdoor expanded its product suite for job seekers and employers.

Each month 3.5 million monthly unique visitors frequent Glassdoor. The company also maintains employee-generated data, including company and compensation data in national currencies, on more than 110,000 companies in over 100 countries.

“Job seekers and employees have a hunger for all sorts of job-related data yet, until Glassdoor, it was hard to find basic salary details or information about the work environment on a per-job, per-company basis. Since we launched in 2008, we’ve seen demand for the jobs and company information we collect accelerate,” said Robert Hohman, Glassdoor co-founder and CEO. “As companies start to add the predicted 2.3 million jobs this year, we expect this demand to continue to grow and we’ll be investing in product development and staffing to further expand Glassdoor services for our community, employers and advertisers. We’re pleased to welcome Battery Ventures to our roster of enthusiastic investors.”

“As Internet and digital media investors, we’ve been watching user-generated content disrupt some of the most mature industries, and Glassdoor has a unique application that is transforming a very large market,” said Neeraj Agrawal, General Partner, Battery Ventures, who will assume a seat on the Glassdoor board of directors. “Glassdoor has built a great business that is well positioned to influence and advance the multibillion dollar online recruitment market.”


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