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While Glassdoor declined to specify its exact valuation after
the round, a company spokeswoman told Reuters it was "around $1
billion".
Glassdoor has raised about $200 million since 2007, and the new
financing will fund investments in products and marketing, the
company said.
Glassdoor's sales have risen 100 percent each year on average
for the last four years, Chief Executive Robert Hohman told
Reuters. Hohman declined to provide revenue figures for the
company, but said it has 4,000 paying customers.
The Mill Valley, California-based Glassdoor generates revenue
through job advertising, display advertising and enhanced
company profiles.
(Reporting by Heather Somerville in California and Abinaya
Vijayaraghavan in Bengaluru; Editing by Sunil Nair)
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