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SnagAJob.com Snags $27 Million Series C From August Capital, Others

March 10th, 2011 03:55 admin Leave a comment Go to comments

SnagAJob.com, an online community of hourly workers and provider of hourly workforce management solutions, this morning announced that it has secured $27 million in Series C funding in a round led by August Capital.

Other private equity investors in SnagAJob for this and previous rounds of funding include Adams Street Partners, Baird Venture Partners and C&B Capital. The Series C round brings the company’s total raised to $41 million.

Founded back in 2000, SnagAJob says its online community has now grown to nearly 28 million hourly workers, growing by over a million every two months. The company also claims that it has logged a 1,185% revenue growth rate over the past seven years and 400% website traffic growth rate over the past five years.

SnagAJob says it will use the proceeds to expand its product portfolio, intensify marketing efforts and increase the size of its sales team. The company expects to reach a total headcount of about 300 people by the end of this year.

August Capital partner Eric Carlborg will join the SnagAJob board of directors.

Source: SnagAJob.com Snags $27 Million Series C From August Capital, Others

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