ZipRecruiter, a Santa Monica, CA-based hiring platform for small and medium sized businesses (SMBs), closed a $63m Series A funding round.
The round was led by Institutional Venture Partners (IVP) with participation from Basepoint and Industry Ventures. In conjunction with the funding, IVP Principal Eric Liaw will be joining ZipRecruiter’s Board of Directors.
The company intends to use the funds to develop new products, accelerate marketing efforts, pursue acquisitions and scale the infrastructure supporting current customers.
Launched in 2010 by Ian Siegel, CEO, ZipRecruiter provides employers with the ZipRecruiter Job Distribution Platform which aims to simplify the process of finding and screening candidates by enabling distribution of job postings to over 50 top online job boards and then consolidating applicants from all sources into a single integrated list. For job seekers, the platform makes finding a job faster via a personalized, daily email highlighting the 25 newest and most relevant job opportunities. Matches are generated via a proprietary machine-learning algorithm, which utilizes the job seeker’s geography and category of interest to make daily recommendations from over 200 different career sources.
FinSMEs
26/08/2014