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LinkedIn competitor raises $156M in private funding

Oct. 04, 2018 11:04 AM ETMicrosoft Corporation (MSFT) StockMSFT, UPWKBy: Brandy Betz, SA News Editor2 Comments
  • LinkedIn (NASDAQ:MSFT) competitor ZipRecruiter raises $156M in a round co-led by Wellington Management Company and IVP. The round brings total funding to $219M.
  • ZipRecruiter formed eight years ago and has helped over 1.5M businesses find employees and routed 430M applications. The company will use the new funding to “further accelerate” its growth and projects. 
  • ZipRecruiter has 200 engineers developing AI-backed candidate match solutions. 
  • It’s a busy time for employment match companies. Yesterday, freelancer platform Upwork (NASDAQ:UPWK) made its IPO debut and finished the day up 41%.  
  • Previously: Upwork closes its first day up 41% (Oct. 3)

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