Job-Review Site Glassdoor Hints at IPO Aspirations While Raising $50M More
Glassdoor, the job-review site that has also become a job-listings and recruiting platform, wants to go global. That is, more global than it is today — the Sausalito, Calif.-based company says 25 percent of its traffic already comes from outside the U.S.
So Glassdoor has raised $50 million in a round led by Tiger Global Management, along with Dragoneer Investment Group and existing investors Benchmark, Sutter Hill Ventures, Battery Ventures and DAGVentures.
“The need for information to figure out where to work transcends industries, it transcends borders,” said Glassdoor CEO Robert Hohman. “All the proof points are that this has been a very global need.”
Glassdoor now has 200 employees, and expects to add another 100 and open its first international offices in the next year. Hohman declined to reveal the company’s revenue figures but said, “It’s a real business.”
With $93 million raised since 2008, would the next financial step for the company be an IPO?
Most likely, yes, said Hohman. “We are approaching a size when we begin to think about being a public company. We’ve been architected from the beginning with [Chairman and co-founder] Rich [Barton]’s involvement and [another of his companies] Zillow going public early. Right now, we’re really focused on growth, and we’ve got plenty of capital. But it’s probably the next logical step.”