JIBE Inc., a job site designed to bring the power of social networking to the online career search, raised $875,000 in seed capital funding.
The round was led by Polaris Venture Partners, with participation from angel investors including Jason Calacanis, Ken and Ben Lerer of Lerer Media Ventures, Josh and Jared Kushner of Launch Capital and Zelkova Ventures.
The capital will enable the company to further develop its platform, expand sales, marketing, and partnership programs.
JIBE integrates Facebook Connect and LinkedIn to enable employers and applicants to leverage the overlap of their social graphs. From previous co-workers to friends who work with a specific company, the engine recognizes matches between networks as they apply to a job opportunity.
Posting jobs and browsing JIBE’s job database are free for employers and applicants. On JIBE, employers only pay when they want to retrieve contact information for candidates who meet both their qualifications for a trusted reference, as well as relevant experience.
Initially, the company will focus on entry-level professional positions located east of the Mississippi.