Total amount raised
$204.5 Million
Latest funding date
1/1/2017
Location
Glassdoor has successfully navigated nine funding rounds, attracting a diverse group of investors, including the Employee Stock Option Fund and EquityZen. The platform has also made strategic investments in companies like Artsy and Pike13, showcasing its commitment to growth and innovation.
Keep reading to explore the intricacies of Glassdoor's fundraising journey and the investors backing this influential platform.
What Is Glassdoor?
Glassdoor, founded in 2008, is a prominent job search and career community platform based in San Francisco, California. The company operates in various industries, including Career Planning, Digital Media, Employment, Recruiting, and Social Media.
With a workforce of 501-1000 employees, Glassdoor provides job seekers with tools to find job listings, read company reviews, compare salaries, and gain interview insights. The platform also offers resources for employers to attract talent and manage company profiles.
How Much Funding Has Glassdoor Raised?
- Series A
- Amount Raised: USD 3,000,000
- Date: November 2007
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch and develop the platform.
- Series B
- Amount Raised: USD 3,000,000
- Date: March 2008
- Lead Investors: Benchmark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and user base.
- Series B
- Amount Raised: USD 6,500,000
- Date: October 2008
- Lead Investors: Sutter Hill Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance platform capabilities.
- Series C
- Amount Raised: USD 12,000,000
- Date: February 2011
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand market reach.
- Series D
- Amount Raised: USD 20,000,000
- Date: October 2012
- Lead Investors: DAG Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and increase user engagement.
- Series E
- Amount Raised: USD 50,000,000
- Date: December 2013
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand internationally and invest in new technologies.
- Series F
- Amount Raised: USD 70,000,000
- Date: January 2015
- Lead Investors: CapitalG, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth and enhance the platform's capabilities.
- Series H
- Amount Raised: USD 40,000,000
- Date: June 2016
- Lead Investors: T. Rowe Price
- Valuation at Round: Around USD 1 billion
- Motivation Behind the Round: To grow content areas, invest in machine learning, and expand internationally.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: January 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total amount raised: USD 204,500,000. Current valuation: Around USD 1 billion.
Key Investors
- T. Rowe Price
- Details: T. Rowe Price is a global investment management firm known for its mutual funds and retirement plans. The firm led Glassdoor's Series H funding round.
- Investment Focus Areas: Mutual funds, retirement plans, institutional investments.
- Notable Investments: Various sectors including technology, healthcare, financial services.
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm that invests in companies at all stages. They have been a consistent investor in Glassdoor.
- Investment Focus Areas: Technology, innovation, growth and buyout stages.
- Notable Investments: Wayfair, Coupa, Nutanix.
- CapitalG (formerly Google Capital)
- Details: CapitalG is the growth equity investment fund of Alphabet Inc., focusing on late-stage technology companies. They have invested in multiple rounds for Glassdoor.
- Investment Focus Areas: Late-stage technology companies.
- Notable Investments: Airbnb, Stripe, Lyft.
- Sutter Hill Ventures
- Details: Sutter Hill Ventures is a venture capital firm that invests in early-stage technology companies. They have been involved in several funding rounds for Glassdoor.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Pure Storage, Snowflake, Sumo Logic.
- Tiger Global Management
- Details: Tiger Global is an investment firm focusing on public and private companies in the global Internet, software, consumer, and financial technology industries. They have been a significant investor in Glassdoor.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
What's Next for Glassdoor?
Glassdoor's future is brimming with opportunities, particularly in expanding its paid company profiles. With only 4,000 out of 500,000 companies currently paying for enhanced profiles, the potential for growth is substantial. Additionally, the company plans to invest in machine learning to improve job-candidate matching and expand its international presence beyond the current 11 markets.
Future fundraising could see Glassdoor pursuing an IPO, especially with strategic investors like T. Rowe Price on board. The company may also attract further investments from mutual funds and other tech-focused investors to support its ambitious growth plans.
However, challenges lie ahead. Intense competition from other job sites and the need to maintain high-quality user-generated content are significant hurdles. Additionally, international expansion presents its own set of difficulties, including localization and maintaining the accuracy of reviews to ensure trust.
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