ZipRecruiter raises $156m at a $1.5B valuation — now owns 10% of the recruitment market

ZipRecruiter becomes one of tech’s newest unicorns after a new $156m funding round puts the online job-recruitment company at a $1.5B valuation.


October 5, 2018

The Los Angeles-based job posting platform has recruited $156m in new funding co-led by IVP and Wellington Management at an impressive $1.5B valuation.

ZipRecruiter has now raised $219m in total, in just 2 rounds since launching in 2010 — and, they were profitable before borrowing a dime.

Well, that’s refreshing… 

ZipRecruiter has carved out a marketplace for employers to post open positions and, through the power of AI, help job-seekers connect to openings that best match their skills and interests.

These days, they’re a post-money unicorn leading the job recruitment pack.

According to co-founder and CEO Ian Siegel, over 100k businesses are using ZR for their recruiting and the company accounts for 10% of all activity in the entire US recruitment market. 

Not a bad resume… 

Now they want to show you the jobs you aren’t qualified for.

Bloomberg reports that ZipRecruiter will spend a large amount of the fresh tickle cash honing their machine-learning processes.

One day it hopes to use their tech to show people the jobs they would like but may not be qualified for — and then gamify the path to get there.

“In the not too distant future, we will be able to say, ‘If you add one more skill all these jobs will become available to you,’” Siegel said.

You know what they say, “Gotta raise for the company you want…”

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