Things are moving fast for the folks over at InternMatch. They raised $1.2 million in January, are averaging five million page views a month, and now they’re expanding in a big way.
Originally designed to help college students find high-quality internships, InternMatch announced Tuesday that it is now offering entry-level positions with hopes of becoming the leading job site for companies hiring students.
So yes, a LinkedIn competitor.
“The expansion was driven largely by demand from our customers, most of whom hire interns as a means for finding the best new employees, and who also wanted to leverage our student base to make direct hires,” CMO Nathan Parcells said. “That said, it fits our company goals — looking at the broader job space, most job postings are essentially just glorified classified ads, which is something we are excited to disrupt.”
Founded in Seattle back in 2009 and now stationed in Silicon Valley, InternMatch started out by helping students find high-quality internships at companies such as Walt Disney, Amazon and Blue Nile by offering a platform to discover and apply for new opportunities.
Now they’re going past internships and moving ahead with entry-level jobs. The company has been piloting entry-level positions with a few big clients like Facebook and Nestle Purina. Today it goes live to everyone else.
Parcells told us that the pilot companies have already received hundreds of job applicants and “have been tremendously happy with the results and will be continuing to post new jobs moving forward.”
InternMatch hopes to capitalize on a hiring process it calls “broken,” outdated and largely ineffective. As it is now, after companies typically make offers to their current interns, they then spend lots of money and time flying around the country to campuses at career fairs.
Still, despite this, campus recruiting remains the third largest source of hiring for employers overall, which is three times the number of hires made on LinkedIn.
“College hiring is crucial for building a company’s future DNA,” Parcells said. “That said, traditional campus recruiting only reaches a small number of candidates which has major problems for diversity hiring and hiring in general.”
The company is working with more than 800 universities and had over a million internship applications last year. With the new expansion, InternMatch hopes to close the gap for both students and employers who are already using the service.
“We always believed that building a fantastic product that truly makes it easier for students discover and apply to jobs would be something that would take off on campus,” Parcells said. “The current rate of growth has been a massive validation that we are moving in the right direction.”
InternMatch, which currently employs seven, landed a $1.2 million round last month from previous investors like Netflix Founder Marc Randolph and TeachStreet founder Dave Schappell, along with new additions like Seattle angel investor Rudy Gadre.
Founded by Parcells, Andrew Maguire and Kyle Wilkinson, the company moved its headquarters to San Francisco in October 2010 and raised $500,000 in fresh capital in September 2011.
Previously on GeekWire: Meet Rudy Gadre: This former Facebook and Amazon exec is lighting up Seattle’s angel scene
Reach staff reporter Taylor Soper at email@example.com or on Twitter @Taylor_Soper