Glassdoor Raises Another $50 Million, Plans for IPO

Glassdoor, a job site that features anonymous employee reviews and salary comparisons, has raised an additional $50 million, bringing the company's total capital raised to $93 million.
The funding, which is Glassdoor's fifth institutional round since it launched in 2007, was led by Tiger Global Management with contributions from Benchmark Capital, Sutter Hill Ventures, Dragoneer Investment Group and others. The San Francisco based company plans to use the new funding for hiring and product development, but the primary goal is to accelerate growth internationally.
"The opportunity for us is to really go outside the English language," cofounder and CEO Robert Hohman (pictured above) told Mashable in a recent interview. Glassdoor has content contributed from other countries outside the U.S., but according to Hohman, "We've really been focused on getting the model perfected in the United States."
Glassdoor currently has 22 million members, and the company says 25% of its traffic comes from outside the U.S.
With the latest round of funding in the bag, Glassdoor is now inching closer toward going public.

"That is probably the next logical step," Hohman said when asked about a possible IPO.

"That is probably the next logical step," Hohman said when asked about a possible IPO. He pointed to cofounder Richard Barton, who previously founded and took Zillow and Expedia public, noting that Glassdoor was "architected from the beginning" to do the same.
"Our intent is that, at some point, Glassdoor will be a public company," Hohman said. "Right now, we are just super focused on growth."