Simply Hired hiring - company raises $4.6 mln

Chris Caceres · August 11, 2009 · Short URL:

Job search engine plans to expand globally and increase headcount

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 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.

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Building a good search engine is sort of like writing a good haiku. Coming up with one that works well may require repeated and thoughtful effort. But crafted properly, the result can be incredibly simple and effective, even enjoyable.

Simply Hired is a vertical search engine company based in Silicon Valley, and we're building the largest online database of jobs on the planet. Our goal is to make finding your next job a simple yet effective, enjoyable journey. We can't always promise you'll discover your dream job, but we'll give you the best chance possible to get a bigger paycheck, a more considerate boss, or a shorter commute.

Simply Hired is powered by people who want to make things better. We want to create cool products, but not at the expense of the individuals who use them. That means building solutions that make sense to your mom, your uncle, your teenager, and even your dog. (OK, maybe not your dog.)

But along with simplicity, we'll make it possible for you to see every opportunity out there. If your cousin is looking for a part-time job working the evening shift at a pickle factory 300 miles west of Texas, we'll help you locate that one-in-a-million job waiting for her in Albuquerque. Our tools will turn everyone into an expert at finding the needle in their own personal haystack.

We believe doing something challenging and important doesn't mean you can't enjoy the ride. Our founders are smart, experienced entrepreneurs who've created several successful startups, but they enjoy a good laugh as much as anyone. If you see a slightly unusual error message or description on our site, it's because we figure you might as well smile while you're spending time with us. Fun and creativity aren't just tolerated here, they're actively cultivated and encouraged -- and we hope you'll have fun too.