BountyJobs, a New York-based online marketplace that connects corporate recruiters with a national network of headhunters, has closed a $5m financing.
The round was led by existing investor Greylock Partners, with participation from returning backers Accel Partners and RPM Ventures.
The company intends to use the funds to expand software and services support for existing and future clients.
Led by CEO Mike Hard, BountyJobs operates a marketplace of more than 10,000 approved headhunters nationwide that are filling jobs for thousands of employers.
Once approved to join the free marketplace, employers post job descriptions along with the fees they are willing to pay for successful hires. Specialized headhunters request permission to work on each job and employers, after reviewing their historical performance on BountyJobs, engage some HR agencies which will compete to supply the most qualified professionals.