Glassdoor raises $40m in new financing
Glassdoor, Inc. has announced the closing of a $40m investment round led by funds and accounts advised by T. Rowe Price Associates, Inc.
The company says that existing investors Battery Ventures, Google Capital, Sutter Hill Ventures and Tiger Global also participated in the round. Glassdoor has raised approximately $200m since it was founded in 2007.
Glassdoor currently welcomes approximately 30m monthly unique users and now has data on more than 540,000 companies in 190 countries. It says this new financing will support its continued growth and investments in product, marketing, and people around the globe.
Henry Ellenbogen, portfolio manager of T. Rowe Price New Horizons Fund, Inc., commented, “We believe that Glassdoor is fundamentally changing the way job seekers search for jobs and companies recruit talent. Their unique user-generated data includes millions of reviews, which increases transparency in recruiting. Our view is that Glassdoor is executing well, and it can be a much larger company over time.”
Robert Hohman, co-founder and CEO of Glassdoor, said, “We’re delighted to add T. Rowe Price to our incredible investor roster, as they bring significant experience with late-stage, high-growth companies such as ours and a long-term focus.
“Regardless of where you live, where you work matters and the level of transparency Glassdoor has brought to the market is helping people everywhere find a job and company they love and, in turn, helping employers attract high-quality candidates.”