What's cooking in the world on online recruiting: a news roundup!

You know, I keep thinking that I won’t lead off with news of VC money for one of these news roundups – and then it happens again. I guess it means that recruiting continues to be hot, and the services that connect employers to candidates are even hotter. So without further ado, let’s see what’s happened recently:

  • ZipRecruiter Nabs $63M:  ZipRecruiter announced a Series A for $63M; this represents the first outside money the company has taken since its founding 4 years ago. The Santa Monica-based company is going to use the cash to ‘scale up’ – as in, grow even faster than it already is.
  • LinkedIn to Acquire Bizo: LinkedIn is planning to acquire the marketing company Bizo, which is used  to target prospects within professional segments, and nurture them at every stage of their sales and marketing funnel. Another smart move. In other news, their Q2 revenue was down from the year previous, but they predict earnings will be up in Q3.
  • Dice income drops but revenue is upThe second quarter 2014 revenue of Dice Holdings (NYSE: DHX), parent of Dice.com, increased 28 percent year-over-year (YOY.) Its $7.2 million Q2 net income was a mere 48 percent of this time last year, however, and Dice.com revenue was down 3 percent YOY. Dice also says that more than half of its job applications are now coming in via mobile devices.
  • Thumbtack gets $100MThe ‘social gig’ site Thumbtack has landed $100M in investments, led by Google Capital. The service – a way for local businesses and freelancers to reach new customers – plans to roll out national marketing campaigns soon. I guess this is the eLance for the app generation.
  • Monster has a tough quarterThe Q2 results for Monster were less than anticipated, prompting a stock selloff and lowered stock price. The ‘three pillar’ strategy announced earlier has not yet taken effect, according to management.
  • JobStreet revenue upJobstreet, the recruitment portal that covers Malaysia, Singapore, Indonesia, and the Philippines, saw revenues increase by 10.2% for the first half of 2014. The company, which was bought by Seek in February, also saw profit rise by 14%.
  • Fast growing and making moneyInc. Magazine released their latest edition of the Inc. 5000, and it included some companies(and revenues) from the online recruiting industry: Jobs2Careers ($22.4M); RealMatch ($9.3M); Beyond ($35.6M); FlexJobs ($2.8M); Jobvite ($14.5M); Climber.com ($3.6M), and HealthJobsNationwide ($3.8M). Impressive!
  • Jobs Startup Emprego Ligado Closes $7MEmprego Ligado is a job marketplace that competes with local job sites and staffing agencies for blue-collar Brazilians by using the cellphone to full effect. In 2012 it received backing from investors including 500 Startups and Initial Capital to crack the Brazilian market. Now it’s won more firepower in the form of $7 million in Series A funding.

That’s all for now, folks!

Views: 258

Comment by Matt Charney on September 10, 2014 at 12:53pm

Where does all the actual money come from to back up all this hypothetical equity? Because I'm guessing between VC and an HR Tech startup, there ain't a whole lot of actual assets involved.

Comment by Jeff Dickey-Chasins on September 10, 2014 at 1:46pm

Excellent question, Matt. And no, I don't have an answer!


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