Simply Hired hiring - company raises $4.6 mln

Job search engine plans to expand globally and increase headcount

Financial trends and news by Chris Caceres
August 11, 2009 | Comments
Short URL: http://vator.tv/n/9e6

7477

For the jobless, Simply Hired is proving to be a site of choice to seek employment online.

Simply Hired, a job search engine, announced its secured $4.6 million in new funding from IDG Ventures and Foundation Capital.  The company has raised $22.3 million to date.  

The Mountain View, Ca.-based startup offers its users a job search engine similar to the familiar Monster.com and Yahoo's Hotjobs.  The design is cleaner overall and not cluttered with obnoxious banner ads, instead, simple Google ads tucked to the side.  Simply Hired allows users to search by job and location and then aggregates results from other employment sites like VentureLoop and Dice, along with results directly posted by the employers themselves.  By tapping into its partner sites, SimplyHired has over 5 million job listings.

The company says it has been operating cash flow positive for the past four quarters with revenue growth for 16 consecutive quarters.  It also has seen growth on its network of 5,000 partner sites.  Comscore and Nielsen both reported Simply Hired was the fast growing job site in 2008.  It reaches 23 million unique visitors monthly.

Along with the fundraising, Phil Sanderson, managing director at IDG Ventures joins Simply Hired's board of directors.  On the next steps for Simply Hired, Sanderson stated, "Our relationship with IDG enables Simply Hired to expand its footprint globally, and create additional network partners within the IDG family.”

Simply Hired plans to increase its headcount from 50 to 80 in 2009, and accelerate international expansion.


Related companies, investors and entrepreneurs

Thumb_1364_simplyhired
Simply Hired
Service provider
Description: Building a good search engine is sort of like writing a good haiku. Coming up with one that works well may require repeated and thoughtfu...
blog comments powered by Disqus
Find your friends' startup new!
Vator is more valuable if you know who's here.
Discover who has a startup and help their success by following their progress!

Featured Stories

Latest company news bites on Vator

Kasha Ritter - Kasha Ritter (Owner/President)
new commissions for animal portraits= it's a dogs world: http://www.time.com/time/nation/article/0,8599,1888304,00.html
See more
eCare Diary - John Mills (Founder and CEO)
eCareDiary has been nominated for Best of the Web 2012 by SeniorHomes.com. Vote for us here ...
See more
Vab Media - Andrew Broadbent (social media manager)
Charter a Private Jet to the 2012 British Golf Open http://bit.ly/xJuTNQ PrivateJets #Golf #BritishOpen #luxury #Travel
See more
MondoWindow - greg dicum (cofounder)
Technically Speaking.... MondoWindow CTO Tyler Freeman on how we use Node.js for screen scraping: http://blog.mondowindow.com/screen-scraping-with-nodejs
See more