Glassdoor Secures $6.5 Million in Series B Funding
As you may have seen already, we announced today that we have secured $6.5 million in Series B funding, led by Sutter Hill Ventures with participation from our existing investor Benchmark Capital.
The past few months have been a whirlwind, and Glassdoor.com has experienced significant growth. Our new investors share our vision of providing greater transparency to the employment space and helping people make better decisions about their work.
With this round, I’m happy to announce that Jim White, managing director, Sutter Hill Ventures, will join the Glassdoor board of directors. Jim has a proven track record of successful collaborations with leading business and consumer-facing companies, including Shutterfly.com, Fix.com, Farecast and Infinera, and his experience will be a valued asset to our board. He’s also great guy and I’m looking forward to working with him.
Since we launched our public beta in June, the site’s “employee generated content,” has grown nearly 40-fold to more than 115,000 contributions for 14,000 companies across a wide section of global industries. Immediately following the public debut, we received contributions from employees around the globe, prompting us to accelerate the community’s international capabilities in August. As result, Glassdoor community members have the ability to view salaries in more than 100 local currencies.
Now more than ever, people want to know what it’s really like inside a company and more and more employees are sharing details about their jobs and work environments. With increased resources, employees and employers can improve upon the decisions they make for their career and for their company. In this environment, in particular, we think this investment sends a strong signal about the value of the information available on Glassdoor.com to people around the globe.
This additional funding allows Glassdoor to capitalize on substantial community growth rates. We have a lot of work to do and we look forward to further developing the breadth, depth and quality of our content.