ZipRecruiter

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ZipRecruiter, Inc.
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Type of site
Public
Traded asNYSE: ZIP
Founded2010; 16 years ago (2010)
HeadquartersSanta Monica, California
Founder(s)Ian Siegel
Joe Edmonds
Ward Poulos
Will Redd
Key peopleIan Siegel (CEO)
IndustryEmployment websites
RevenueIncrease US$418.1 million (2020)[1]
Employees1,000[2]
URLziprecruiter.com
File:604 Arizona Avenue.jpg
ZipRecruiter headquarters in Santa Monica

ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.[3][4][5][6][7][8]

The company is headquartered in Santa Monica, California,[9] with offices in Tempe, Arizona;[10] London, UK, and Tel Aviv, Israel.[11][12][13][14]

History

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ZipRecruiter was founded in 2010 by Ian Siegel,[15] Joe Edmonds, Ward Poulos and Will Redd.[16][17]

In June 2015, as the company began growing, they opened an R&D center in Israel and in 2018, claimed to have developed an artificial intelligence algorithm to increase the accuracy of job seeker/employer matches.[18][19][4]

In 2017, Facebook also partnered with the company and integrated ZipRecruiter into its platform.[20][21]

In 2018, the company reported that over 1.5 million businesses and 430 million job seekers used its platform.[22]

In December 2018, the company's users' names and email addresses were exposed in a data breach.[23][24] ZipRecruiter claimed that they were able to fix it within 90 minutes after the technical glitch was reported.[23]

In March 2019, ZipRecruiter began operating in Canada.[25][26]

In April 2021, the company filed for a direct listing. The company went public on May 26, 2021.[27]

In September 2021, ZipRecruiter signed a one-year deal with UFC for a "low seven-figure fee".[28]

In May 2023, ZipRecruiter announced it laying off 20% of its staff, about 270 roles.[29]

Funding

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ZipRecruiter delayed raising venture capital until 2014, when the company's first round of financing of $63 million was led by IVP.[30]

In October 2018, the company raised $156 million for its online employment marketplace, which brought its total funding to $219 million.[31][32] Blake Irving, Cipora Herman, and Emilie Choi were added as new members to its board.[33] The October 2018 raise was at a valuation of $1 billion.[34][35][36][37][38]

References

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  1. ^ ZipRecruiter files for direct listing on NYSE: 2020 saw profitability despite 3% decrease in revenue - AIM Group
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