Glassdoor, which compiles salary and workplace data on more than 300,000 companies, has raised $50 million in financing from Tiger Global Management, Dragoneer Investment Group, Benchmark, Sutter Hill Ventures, Battery Ventures and DAG Ventures. Total funding now stands at $92 million.
Founded in 2007 by former Expedia execs Rich Barton, Robert Hohman and Tim Besse, Glassdoor plans to use the new cash to accelerate international expansion and bolster its jobs listings and recruiting technologies. Job listings are a growing part of Glassdoor’s business, which until now has been best known for calculation salary reports on how much employees make at companies.
It is also growing internationally, with about 25 percent of its traffic, or 14 million monthly unique visitors, now overseas. Glassdoor now boasts 22 million members.
“Glassdooor has rapidly become a critical player in the global recruiting market due to its extensive content platform and data insights that benefit both job seekers and employers,” said Lee Fixel, partner at Tiger Global. “Glassdoor is well positioned to extend its strong market position both domestically and abroad.” Tiger Global also recently led the $50 million financing round for Redfin.
The Sausalito, Calif. company employs 200 people, with plans to add another 100 staffers in the next 12 months.
Barton, who co-founded Expedia and Zillow, serves as chairman of Glassdoor and is not involved in the day-to-day operations. Bloomberg News has an overview of Barton’s involvement in Glassdoor, noting:
A well-known fact about Silicon Valley is that the vast majority of technology startups fail. Rich Barton never got the memo.