Glassdoor, a site where users can share details about their jobs, their companies, and their salaries, has raised $12 million in its third round of funding.
It has been more than a year since we last wrote about Glassdoor, but the Sausalito, Calif. company says its traffic grew 147 percent in 2010 and that it now receives 3.5 million unique visitors every month.
In order to get access to most of the data in Glassdoor, users have to contribute some job-related information of their own, which helps ensure that the data keeps growing. Besides company reviews and salary data, users can also share job interview questions, office photos, and CEO ratings. Glassdoor says it has information on 110,000 companies in more than 110 countries.
It’s probably no surprise that people want to read and share this information (another site called Honestly launched last year with a focus on rating colleagues) — the bigger question is whether Glassdoor can turn that interest into a profitable business. The company makes money through Enhanced Employer Profiles (where businesses pay a subscription fee to add their own content to their profiles on Glassdoor), job ads, and traditional banner advertising, and while it didn’t provide specific revenue numbers, Glassdoor said the money from all three sources is growing.
The company has now raised $22.2 million. Battery Ventures led the round, with participation from existing investors Benchmark Capital and Sutter Hill Ventures.
Companies: Battery Ventures, Benchmark Capital, Glassdoor, Sutter Hill Ventures
Source: http://feedproxy.google.com/~r/Venturebeat/~3/pY24yLkdMlA/
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