The job-posting web page ZipRecruiter is returning to the fundraising neatly for the primary time since 2014, authorizing a brand new spherical of financing that values the corporate at virtually $1 billion.
The eight-year-old corporate is slated to lift round $50 million in new capital, consistent with a fundraising record, and it’s in talks to in all probability acquire much more cash past that. The present financing authorization would worth the corporate at round $930 million, consistent with the November submitting with the state of Delaware that used to be equipped by way of Lagniappe Labs, writer of the Top Unicorn Index.
The identification of the funder may just now not be discovered, however it’s believed to be a big monetary establishment versus a challenge capital company. ZipRecruiter declined to remark.
The corporate used to be closing valued at $300 million, consistent with PitchBook, after accepting $63 million in a spherical led by way of IVP. The corporate operated for 4 years with out taking out of doors investment.
ZipRecruiter faces pageant from platforms like Glassdoor, a conceivable IPO candidate, and Certainly, which has been received, however ZipRecruiter claims to have hosted 120 million task seekers. The Santa Monica-based corporate led by way of Ian Siegel has with reference to 1,000 workers.