California based career and recruitment website Glassdoor has raised $50 million led by Tiger Global Management apart from other investment funds. This leads to total funding raised by glassdoor to $93 million. Company is expecting to use this money for more deeper international expansion and increase its human resource base.
Glassdoor is a free job and career community that apart from regular online recruitment services also offers the outside world a peek into the companies, job profile's information and work place statistics. Company was founded in 2008. It allows anonymous posts regarding reviews for any particular company and/or profile, salary, work-environment and so. Company uses its proprietary technology JobScope™. Glassdoor, since its launch, has received several applauds as well as infamy for its inside view of companies and their environment by letting employees anonymously rate the company, disclose and discuss salary structures and so.
The latest round through which company raised $50 million, was led by Tiger Global Management and Dragoneer Investment Group apart from internal investors Battery Ventures, Benchmark, DAG Ventures and Shutter hill ventures. As of now company has 22 million registered members from 190 countries. Company will use this money for more deeper international expansion (as it already has wider penetration in 190 countries) and increase its employee base to 300 from current levels of 200. Company is also planning to leverage the use of social technology and increased use of tablets and mobiles for enhancement of its technology and marketability.
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