SimplyHired Raises $4.6 Million From IDG and Foundation
SimplyHired is a job search engine that aggregates listings from various websites. SimplyHired is based in Mountain View, California and has raised an additional round of funding at $4.6 million, led by IDG Ventures and Foundation Capital. This brings SimplyHired to a total funding amount of $22.3 million.
Previous investors include Gautam Godhwani, Peter Weck, Anil Godhwani, Jerry Crowley, the late Rajeev Motwani, Kanwal Rekhi, Ron Conway, Dave McClure, James Hong, Guy Kawasaki, Garage Technology Ventures, Foundation Capital, Fox Interactive Media, IDG Ventures, and Foundation Capital.
Fox Interactive Media launched a classifieds website through MySpace since they made their investment in SimplyHired. SimplyHired stated that they have had positive operating cash flow over the past four quarters. The company had revenue growth for 16 consecutive quarters.
The additional funding will be used to hire additional employees and for international expansion. SimplyHired syndicates their technology to LinkedIn, The Washington Post, BusinessWeek, Plaxo, and CNNMoney.
[via paidContent]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry