– Greenhouse, the fastest-growing enterprise talent acquisition suite, today announced it has raised $50 million in Series D funding from Riverwood Capital. Greenhouse will use this investment to meet growing demand for its platform globally and expand its category-leading capabilities in the areas of recruiting, onboarding, hiring analytics, and diversity and inclusion. Founded in 2012, Greenhouse has now raised more than $110 million.
Today, talent is a company’s greatest asset. As a result, making good hires isn’t just an HR concern anymore — it’s an overall business imperative. This is why more than three-quarters of companies cite hiring and recruiting software as critical in any successful talent acquisition strategy.
“Enterprise businesses compete for the best talent and manage thousands of candidates across their organization,” said Daniel Chait, co-founder & CEO, Greenhouse. “This is why interest in our category has exploded. An optimized recruitment process is a competitive advantage. We built Greenhouse to help companies get better at every area of hiring — from finding the right candidates, to conducting more focused interviews, to making more data-driven decisions.”
“Greenhouse delivers what organizations need today — a smarter way to hire,” said Francisco Alvarez-Demalde, co-founder and Managing Partner of Riverwood Capital. “The company’s software helps enterprise businesses more efficiently and effectively recruit the best talent. We’re impressed by Greenhouse’s technology and their approach to the market and are eager to help them continue to scale.”
Diversity and inclusion are especially critical to successful hiring and recruitment. According to McKinsey, organizations that value diversity outperform those that don’t. Their latest research shows that companies in the top quartile for ethnic diversity are 33% more likely to see higher-than-average profits than companies in the lowest quartile. This is why the number of executives who cite inclusion as a top priority has grown 32% since 2014, according to Deloitte. Still, half of all employers call their own diversity efforts “weak,” with unconscious bias in the hiring process a common roadblock. Studies confirm, for example, that white candidates see significantly higher callbacks for job interviews, compared to Black and Latino candidates with identical resumes.
Greenhouse has seen enormous demand globally, with more than 2,500 customers using the platform in over 50 countries. The company will deploy its latest round of capital to fund additional growth across enterprise clients both domestically and abroad. The round will also be used to fund investments in R&D to continue innovating its products.
For more information about Greenhouse, please visit https://www.greenhouse.io.
Based in New York City and San Francisco, Greenhouse Software is the leader in enterprise talent acquisition software. Thousands of the smartest and most successful companies like Cisco Meraki, Buzzfeed, J.D. Power, Warby Parker and Airbnb use Greenhouse’s intelligent guidance to design and automate all aspects of hiring throughout their organizations, helping them compete and win for top talent. Greenhouse has won numerous awards including #1 Best Place to Work by Glassdoor, Forbes Cloud 100, and Talent Acquisition FrontRunner leader by Software Advice. Greenhouse lives its mission that hiring great employees is a strategic business goal, having been recognized as an Inc. Magazine Best Workplace in 2018 and is ranked #15 in Crain’s New York Best Places to Work 2017. To learn more, visit greenhouse.io.
About Riverwood Capital
Riverwood Capital is a private equity firm that invests in high-growth, middle-market companies primarily in the global technology, technology-enabled, and other related industries, including businesses in the financial services, consumer and services sectors where the use of software, information and digital technologies, and similar fields, can contribute to value creation. Riverwood offers a unique combination of operational, strategic, technology, and financial insight to portfolio companies that typically need growth capital and expertise to scale on a global basis. The firm seeks to invest in established businesses with a proven technology and business model, and the proper fit in terms of culture and values, in both minority and control situations. Riverwood has offices in Menlo Park, CA; New York, NY; and Sao Paulo, Brazil. Please visit www.riverwoodcapital.com.
SOURCE Greenhouse Software