ZipRecruiter raises $156 million

04 Oct 2018

Online recruitment marketplace ZipRecruiter has raised a Series B round of $156 million, the company announced today. It was valued at $1.5 billion in the new round, making it an official member of the billion-dollar-value “unicorns.”

The new funding is the second for the company, which previously raised $63 million in 2014. Both rounds were led by IVP; the new round was co-led by Wellington Management Co.

ZipRecruiter says the financing will “accelerate the company’s continued growth as well as its ongoing investment in artificial intelligence-powered matching technology.”

“The rise of AI has transformed how employers source talent and job-seekers find work,” co-founder and CEO of ZipRecruiter Ian Siegel (LinkedIn profile) said. He added that the new money will be used to “double down” on building out more AI at the company.

Founded in 2010 and based in Santa Monica, Calif. (with R&D in Israel and another office in the U.K.), ZipRecruiter has grown from 150 staff members four years ago to nearly 1,000 today. The company says it has helped more than 1.5 million businesses find employees and has received more than 430 million job applications. Eighty percent of employers who post a job on ZipRecruiter receive a candidate through the site within the first day. Most job-seekers receive a notification that their application has been viewed by a hiring manager within 48 hours of submitting their resume.

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.