ZipRecruiter acquired a Series B $156 million investment co-led by Wellington Management Company and returning investor IVP.
According to the company, since launching in 2010, ZipRecruiter has helped 1.5 million businesses—from SMBs to Fortune 500 companies—find applicants for jobs ranging from admin personnel and truck drivers to data scientists and autonomous car engineers. The company’s AI technology is allegedly so proficient that 80 percent of employers who post a job through the site get a quality candidate within the first day, and most job seekers receive a notification that their application has been viewed by a hiring manager within 48 hours after they’ve submitted their resume.
The financing will be used to accelerate the company’s growth as well as its ongoing investment in AI-powered matching technology and mobile apps to actively connect more job seekers and businesses of all sizes.