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Hired attracts $15 mln Series B

Job marketplace Hired has closed $15 million in Series B funding. The investors were Silicon Valley Bank, Comcast Ventures, Lumia Capital, Crosslink Capital, Sierra Ventures, SoftTech and SherpaVentures. According to the firm, the capital will be used for growth and expansion.

PRESS RELEASE

SAN FRANCISCO (December 9, 2014) – Hired, a curated, two-sided career marketplace for the technology industry, today announced it has raised $15 million in Series B funding. This round added Silicon Valley Bank, Comcast Ventures and Lumia Capital, with additional participation from current Hired investors Crosslink Capital, Sierra Ventures, SoftTech and SherpaVentures. This brings Hired’s total funding to date to $32.7 million.

Hired will use the capital infusion to fuel its exponential growth and drive expansion into new verticals and markets. The company, which expanded its marketplace from San Francisco to New York, Los Angeles, Seattle, Boston and London in 2014, plans to expand to a new city every six weeks in 2015.
Since its inception in 2012, Hired’s innovative marketplace model has facilitated nearly $5 billion in job offers and streamlined the job search process for the top software engineers, data scientists, designers and product managers — today’s most in-demand skill sets in the technology sector. Hired’s marketplace for these technical professionals is seeing accelerated growth driven by continued adoption in existing markets and by expansion to new cities.

In addition to this growth, Hired is responding to overwhelming demand and launching a new marketplace for sales professionals, initially available in San Francisco. Now the best account executives and sales reps in the Bay Area are empowered to find their next job more quickly and painlessly through Hired’s marketplace.

“Our tremendous growth has naturally attracted significant investor interest, and we saw this as an opportunity to bring on Silicon Valley Bank, Lumia Capital and Comcast Ventures as strategic partners to accelerate our expansion,” said Matt Mickiewicz, CEO and co-founder of Hired. “Two years ago, we pioneered the first two-sided marketplace for software engineers and designers and have seen remarkable traction, and now we’re excited to replicate this proven model for the best sales professionals. We’re looking forward to ramping up for Hired’s biggest year yet in 2015.”

Hired’s unique, transparent approach enables the top technical and sales talent to participate in an exclusive, one-week process, in which participants receive competing offers from potential employers with salary, position and equity described upfront. Hired also assigns each participant a dedicated talent advocate to provide support through the recruiting process. Ninety-two percent of participants receive an offer from Hired’s network of more than 1,600 leading companies, and, on average, participants find a new job in 19 days. Upon securing a new job, participants receive a $2,000 signing bonus from Hired.

“Hired first made an impression on me when a noticeable number of our portfolio companies began using the platform to acquire top talent,” said Tim Guleri, managing director at Sierra Ventures. “I am extremely bullish as I see Hired’s potential to fundamentally improve the hiring and recruiting process globally. They have developed a differentiated solution that is highly scalable across many different verticals and skillsets, and we couldn’t be more thrilled to welcome our new investment partners and continue to support this exciting time for the company.”

“Hired is a must-use for any sales pro looking for their the next big career opportunity,” said Michael Bullard, an account executive at Mixpanel, Inc., a position he landed after using Hired. “Hired helped connect me with several top companies and I got to choose which ones to engage in interview process with. Two weeks after creating a profile, I had an offer in hand from a top SaaS company AND Hired paid me a signing bonus!”

About Hired
Hired makes hiring, or getting hired, less painful through a two-sided marketplace that connects top technical and sales talent with over 1,600 fast-growing companies. Hired is the only marketplace designed to give job seekers transparency and control over their job search with one week “batches” that provide upfront offers from vetted and funded companies. On average, Hired users find their next opportunity in just 19 days. To learn more, visit www.hired.com.