Glassdoor nabs $6.5 million |
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Glassdoor nabs $6.5 million
Zillow.com may be trimming back. But another Internet startup with ties to Zillow co-founder Rich Barton is expanding with a fresh round of capital.
Glassdoor.com, a Sausalito, Calif.-based company that allows employees to rate and review their employers, has raised $6.5 million in a second round of funding from Sutter Hill Ventures and Benchmark Capital. In the past four months, Glassdoor said it has compiled more than 110,000 contributions related to 14,000 companies.
More than 500 reviews have been submitted about the Microsoft workplace, while Amazon.com has attracted about 170 reviews. Meanwhile, Microsoft CEO Steve Ballmer has an approval rating of 45 percent on the site, while Amazon.com founder Jeff Bezos has a 66 percent approval rating.
Glassdoor CEO Robert Hohman, who worked with Barton at Expedia, said the new cash will help the company grow the online community.
"In this business climate, people are hungrier than ever for information about jobs and workplaces. We're improving the breadth, depth, and quality of our content to help employees as well as working to support the growing interest we're seeing from employers," said Hohman in a press release.
VentureBeat has more details, noting that the company has now raised $9.5 million. Glassdoor isn't the only startup looking at new ways of compiling salary data, with Seattle's PayScale also trying to make waves in this arena.
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