Jobs review and HR information site Glassdoor has raised $50 million in its fifth institutional round since inception. The round was led by Tiger Global Management, Dragoneer Investment Group and its existing investors Benchmark Capital, Sutter Hill Ventures, Battery Ventures and DAGVentures.
The company has indicated that the new funds will be used towards international expansion of its offerings. The 200 employees-strong Glassdoor is expecting to add another 100 employees in the coming years.
"The need for information to figure out where to work transcends industries, it transcends borders," said Glassdoor CEO Robert Hohman. "All the proof points are that this has been a very global need."
With this institutional round, the total capital raised by Glassdoor sums up to $93 million, which hints towards a possible IPO.
"We are approaching a size when we begin to think about being a public company. We've been architected from the beginning with [Chairman and co-founder] Rich [Barton]'s involvement and [another of his companies] Zillow going public early. Right now, we're really focused on growth, and we've got plenty of capital. But it's probably the next logical step," Hohman said.
Glassdoor is basically a job site that features anonymous employee reviews and salary comparisons. Data suggests that more than 1,400 companies are clients of the company for its recruiting initiatives.
As of now Glassdoor offers insights into companies across 190 countries. Twenty five percent of site's traffic is generated by users residing in the U.S. Another 35 percent of traffic comes from mobile which opens another prospect of gains in mobile platforms.
