Daily News
View All NewsZipRecruiter lands $156 million investment, valuation now at $1.5 billion
Jobs website ZipRecruiter today announced a $156 million investment. The company said the Series B financing will be used to accelerate its growth and further develop its artificial intelligence-powered matching technology and mobile apps.
Wellington Management Co. and returning investor IVP co-led the investment, which included participation by other existing investors.
ZipRecruiter’s post-money valuation following the round is $1.5 billion, making it one of the latest startups to disclose that it had achieved proverbial “unicorn” status, Yahoo Finance reported.
“In a tight and ever-evolving labor market, businesses need effective, innovative hiring solutions now more than ever,” said Eric Liaw, general partner at IVP.
ZipRecruiter launched in 2010 and has raised a total of $219 million in funding, including a $63 million Series A financing led by IVP in August 2014.