San Mateo, Calif. — (October 7, 2014) — Jobvite, the comprehensive recruiting solution for the world’s fastest growing companies, today announced that it closed $25 million in Series D funding led by growth equity firm Catalyst Investors. Catalyst joins existing investors CMEA, ATA Ventures and Trident Capital. The investment serves as a strong endorsement of Jobvite’s vision to create a new standard in recruiting for the modern business.
Jobvite is the only standalone recruiting solution that offers the necessary tools to engage and hire candidates by taking advantage of social, mobile, video and data analytics. The company currently fuels the growth of more than 1,600 companies including Starbucks, Twitter and Farmers Insurance, as well as nine of the last 11 top tech IPOs. Today, recruiters take a multi-channel approach to nurturing and engaging prospective candidates at every touch point. Jobvite is transforming recruiting from the era of job boards and legacy software to a new phase in which recruiting is now marketing.
“We see Jobvite as transformative and innovative, serving fast-growing companies and enterprises alike in recruiting the best employees,” said Ryan McNally, partner and co-founder of Catalyst Investors. “We are confident that with additional capital and resources, Jobvite will continue to lead the industry in providing best-of-breed recruiting solutions.”
"Today, a company’s success or failure sits on the shoulders of its talent,” said Dan Finnigan, CEO of Jobvite. “Recruiting is critical to moving industries forward and spurring innovation. Catalyst is a key partner who understands that legacy systems can no longer support the modern workforce and aligns with our mission to deliver the platform to meet the demands of modern recruiting. This round of financing validates our vision and will enable us to bring this vision to life on a global scale.”
Jobvite has experienced strong growth since its first funding round in 2007 and continues to deliver impressive levels of innovation. Major milestones include:
Jobvite is the leading recruiting platform for the social web. Today’s fastest-growing companies use applicant tracking, recruiter CRM and social recruiting software solutions from Jobvite to target the right talent and build the best teams. Jobvite is a complete, modular Software-as-a-Service (SaaS) platform which can optimize the speed, cost-effectiveness and ease of recruiting for any company. For more information, visit www.jobvite.com.