Recruiting solution Jobvite announced Tuesday that it closed a $25 million series-D funding round, which was led by Catalyst Investors, with participation from existing investors CMEA, ATA Ventures and Trident Capital.
Facebook is an important part of Jobvite’s platform, as the company said:
- 65 percent of recruiters use Facebook to recruit.
- 65 percent of those recruiters use Facebook to showcase their employer brands, while 51 percent use the social network to generate employee referrals.
- 76 percent of social job seekers found their current positions on Facebook.
- 83 percent of job seekers are active on Facebook.
Jobvite CEO Dan Finnigan said in a release announcing the funding:
Today, a company’s success or failure sits on the shoulders of its talent. Recruiting is critical to moving industries forward and spurring innovation. Catalyst is a key partner that understands that legacy systems can no longer support the modern workforce and aligns with our mission to deliver the platform to meet the demands of modern recruiting. This round of financing validates our vision and will enable us to bring this vision to life on a global scale.
Catalyst Investors partner and co-founder Ryan McNally added:
We see Jobvite as transformative and innovative, serving fast-growing companies and enterprises alike in recruiting the best employees. We are confident that with additional capital and resources, Jobvite will continue to lead the industry in providing best-of-breed recruiting solutions.