Total amount raised
$769 Million
Latest funding date
01/01/2022
Location
ZipRecruiter has successfully raised funding through three rounds, including Post-IPO Debt and Series B, with backing from investors such as Employee Stock Option Fund and IVP. The company is publicly traded under the ticker NYSE:ZIP.
Keep reading to explore the intricacies of ZipRecruiter's fundraising journey and the investors backing this innovative platform.
What Is ZipRecruiter?
ZipRecruiter is an online employment marketplace headquartered in Santa Monica, California. The company operates within the industries of E-Commerce, Employment, Human Resources, Recruiting, and SaaS. It connects millions of employers and job seekers through mobile and email services.
Founded by a team of entrepreneurs, ZipRecruiter has grown significantly and now employs between 1001-5000 people. The platform is publicly traded under the ticker NYSE:ZIP and is recognized as the #1 job site in the U.S. based on user satisfaction ratings.
How Much Funding Has ZipRecruiter Raised?
- Post-IPO Debt
- Amount Raised: USD 550,000,000
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds were raised for general corporate purposes, including capital expenditures, investments, and working capital.
- Series B
- Amount Raised: USD 156,000,000
- Date: October 2018
- Lead Investors: IVP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The company aimed to expand its market reach and enhance its technological capabilities.
- Series A
- Amount Raised: USD 63,000,000
- Date: August 2014
- Lead Investors: IVP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funding was intended to scale operations and accelerate growth.
Total Amount Raised: USD 769,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Employee Stock Option Fund
- Details: Employee Stock Option Fund is a venture capital firm that provides liquidity to employees of private companies. They specialize in purchasing stock options from employees who need liquidity before their company goes public or gets acquired.
- Investment Focus Areas: Technology, Healthcare, Consumer Products
- Notable Investments: Not publicly disclosed
- IVP (Institutional Venture Partners)
- Details: IVP is a later-stage venture capital and growth equity firm based in Menlo Park, California. They have invested in over 400 companies, with a focus on high-growth sectors.
- Investment Focus Areas: Technology, Media, Internet
- Notable Investments: Twitter, Slack, Snap
What's Next for ZipRecruiter?
ZipRecruiter stands at the cusp of significant growth opportunities, bolstered by the recent $550 million debt offering. This substantial capital injection is earmarked for general corporate purposes, including capital expenditures and investments, positioning the company to enhance its technological capabilities and expand its market reach. The online employment market continues to thrive, and ZipRecruiter is well-placed to capitalize on this trend.
Future fundraising opportunities appear promising, given the successful debt offering. This financial maneuver not only underscores investor confidence but also sets the stage for potential future rounds of funding. However, challenges such as managing the newly acquired debt and navigating a competitive landscape remain. Effective utilization of the raised funds will be crucial for sustaining growth and maintaining a competitive edge in the dynamic employment market.
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