Getting an inside look at companies around the world is about to get easier. Glassdoor, the Sausalito, Calif.-based job and career community, announced Wednesday that it has raised $ 20 million in venture capital to expand internationally and grow its sales team.
The new round of financing was led by DAG Ventures, with participation from current funders Benchmark Capital, Sutter Hill Ventures and Battery Ventures, and brings the company’s total amount raised to $ 42.2 million.
Robert Hohman, co-founder and CEO of Glassdoor, said that 40 percent of the company’s traffic is already international even though the site only offers its reviews, salary comparisons and other content in English. But, with the new funding, they plan to invest even further in its overseas audience.
“People consume this content globally and they’re willing to contribute to it globally,” he said. “We believe that this will fuel a whole other wave of growth for the company.”
Glassdoor, which is free to job seekers and can be integrated with Facebook as of earlier this year, offers two key products to paying partners: a brand and analytics package that enables a company to manage its presence on the site and a performance-based product for targeting job listings to potential candidates.
Hohman said the new financing will also be used to support its sales force and further expand its roster of paying customers, which has grown from 120 to 800 companies in the past year.
In the past year, the company said, traffic to Glassdoor has climbed 145 percent to more than 13 million monthly unique visitors and revenue has grown 175 percent. To date, people from 190 countries have contributed three million pieces of data on 220,000 companies.
Image from r.nagy via Shutterstock.
