ZipRecruiter, a Los Angeles, CA-based online employment marketplace, raised $156m in Series B funding.
The round was co-led by Wellington Management Company and returning investor IVP, with participation from other existing investors.
The company, which has raised raised $219m to date, intends to use the funds to further accelerate its growth as well as its ongoing investment in artificial intelligence (AI)-powered matching technology and mobile apps.
Launched in 2010 by Ian Siegel, CEO, ZipRecruiter provides an online employment marketplace that leverages an AI-powered algorithm that learns what each employer is looking for and provides a personalized, curated set of relevant candidates. On the other side of the marketplace, the company’s technology matches job seekers with jobs based on factors beyond job titles, which introduces them to more industries and types of opportunities that they might be interested in.
To date, ZipRecruiter has helped over 1.5 million businesses–from SMBs to Fortune 500 companies–find great talent, and has received over 430 million applications for jobs ranging from admin personnel and truck drivers to data scientists and autonomous car engineers.
The company has an employee base of nearly 1000 in offices in the U.S., U.K., and Israel.