Jobvite secures $15 million in funding

Jobvite, a social recruiting solution, has secured $15 million in funding led by New investor Trident Capital and joined by previous investors CMEA Capital and ATA Ventures.

The company said it will use the money to fuel rapid growth, as its customer base has grown 600 percent since inception.

“The widespread adoption of social media is changing how people find jobs,” said Dan Finnigan, President and Chief Executive Officer, Jobvite. “We are leading the way to provide the new technologies companies need to find and engage quality employees where they socialize. This investment will allow us to accelerate the reshaping of the multi-billion dollar online recruitment market.”

Jobvite works by providing every employee of its client company with a Jobvite account and the ability to share jobs with their friends and professional network according to their personal settings.

Jobs can be shared across social networks, on websites and via email by recruiters, hiring manager, and by every employee.

The company has amassed over 500 clients, including Whole Foods Market, Yelp and Zappos since it began in 2009.

According to a press release, Jobvite pioneered the social recruiting category by introducing the first recruiting platform integrated into LinkedIn, Facebook and Twitter, as well as a Facebook application for recruiting. Any job can be converted into a Jobvite, a job invitation that can be matched, shared and tracked across multiple social networks.


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