We’re excited to announce that Jobvite has received a $25 million investment from New York-based Catalyst Investors. This is one of the biggest rounds of funding the recruiting space has seen in quite some time, and it represents a tremendous vote of confidence in the future of our company. Catalyst joins our existing investors—CMEA, ATA Ventures and Trident Capital—in helping ensure Jobvite’s ability to spur continued innovation, grow our product capabilities and expand globally.
You might be wondering, “Why now? What’s going on?” Good questions. The answer, quite simply, is growth. We’ve come a long way in a few short years, and we don’t plan to slow down. Take a look at these numbers:
- Since our last investment, Jobvite’s customer count has soared from 513 to more than 1,600.
- More than 46 million job seekers now interact with a Jobvite-powered site annually. That’s four times the amount we saw back in 2011.
- We’ve also grown the number of job seeker profiles in our system to 33 million.
- And, of course, we’ve added a number of new features and capabilities to our recruiting solution—including our mobile career website and video recruiting technology.
This clear growth trend shows that recruiters and job seekers alike are ready to respond to ongoing labor market changes. The working age population is shrinking, jobs require more education, and there are fewer qualified candidates. Younger workers switch jobs every three years, and mobile and social are the new norms. Bottom line: This is a modern workforce that demands a modern recruiting platform and a modern approach to recruiting. Recruiters have to have the tools and technology that appeal to today’s candidates if they are going to succeed. That’s why we keep reiterating the fact that recruiting is now marketing—and that’s why every single penny of this $25 million investment will be focused on ensuring that Jobvite customers have the solutions they need to fulfill this vision.
We’re extremely excited to continue moving ahead, and we hope you’ll join us on the journey. If you have any questions or feedback about our big news, please share them in the comments below.