Glassdoor Raises $20 Million In Series D
Glassdoor is a company that collections the compensation data for tens of thousands of companies. The company has just raised $20 million in a new round of funding led from DAG Ventures, Benchmark Capital, Sutter Hill Ventures, and Battery Ventures.
The company’s total funding is now at $42.2 million in funding. Glassdoor now has 14 million registered users and a new user is signing up every two seconds.
Glassdoor is led by former Expedia executive Robert Hohman and backed by Zillow co-founder Rich Barton. Mr. Barton and Mr. Hohman worked at Expedia together. Glassdoor collects the salary information for individual employers and makes them available for users to view.
“Glassdoor, fueled by increasing workplace transparency, is changing the way people search for jobs and the way employers recruit and retain top talent,” stated Mr. Hohman in a press release. “Thanks to DAG Ventures and our esteemed roster of venture capital partners, this latest round of funding will help us build even more products and resources for all those in the employment space.”
Glassdoor will be using this new round of funding for international expansion and new products.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry