Greenhouse Secures $50M Progress Financial investment From Riverwood Cash




NEW YORK, July twelve, 2018 /PRNewswire/ — Greenhouse, the swiftest-increasing enterprise expertise acquisition suite, right now declared it has raised $50 million in Series D funding from Riverwood Cash. Greenhouse will use this investment decision to meet increasing demand for its system globally and extend its classification-foremost capabilities in the regions of recruiting, onboarding, hiring analytics, and range and inclusion. Established in 2012, Greenhouse has now raised much more than $110 million.

Today, expertise is a firm’s best asset. As a outcome, creating great hires is just not just an HR problem anymore — it really is an over-all company very important. This is why much more than a few-quarters of companies cite hiring and recruiting software package as essential in any effective expertise acquisition strategy.

“Business companies compete for the greatest expertise and control 1000’s of candidates throughout their firm,” mentioned Daniel Chait, co-founder & CEO, Greenhouse. “This is why curiosity in our classification has exploded. An optimized recruitment process is a aggressive benefit. We constructed Greenhouse to assistance companies get far better at every single area of hiring — from discovering the appropriate candidates, to conducting much more targeted interviews, to creating much more facts-driven selections.”

“Greenhouse delivers what organizations require right now — a smarter way to retain the services of,” mentioned Francisco Alvarez-Demalde, co-founder and Taking care of Lover of Riverwood Cash. “The firm’s software package can help enterprise companies much more effectively and successfully recruit the greatest expertise. We’re impressed by Greenhouse’s engineering and their strategy to the current market and are keen to assistance them continue on to scale.”

Diversity and inclusion are in particular essential to effective hiring and recruitment. According to McKinsey, organizations that price range outperform all those that really don’t. Their most up-to-date research displays that companies in the major quartile for ethnic range are 33% much more very likely to see bigger-than-regular revenue than companies in the most affordable quartile. This is why the selection of executives who cite inclusion as a major precedence has developed 32% due to the fact 2014, according to Deloitte. Still, 50 % of all businesses call their have range initiatives “weak,” with unconscious bias in the hiring process a widespread roadblock. Research affirm, for illustration, that white candidates see appreciably bigger callbacks for task interviews, in comparison to Black and Latino candidates with equivalent resumes.

“Diversity is just not just a box to check out in HR,” mentioned Maia Josebachvili, VP of Marketing and advertising & Technique, Greenhouse. “Primary organizations see range and inclusion as essential to every single section of their company. It improves employee engagement, enhances reputation and boosts profits.”

To assistance organizations unlock the price of range and inclusion in hiring, Greenhouse recently launched Greenhouse Inclusion, in partnership with Paradigm. Reliable by foremost tech companies and quite a few of the Fortune five hundred, Paradigm requires a facts-driven strategy to range and inclusion to design and style and execute large-impact D&I tactics. Greenhouse Inclusion is built to assistance companies operationalize actions modify and mitigate bias during the hiring process to construct stronger, much more diverse groups. The answer was made in collaboration with tutorial and market range and inclusion specialists from Pinterest, Stanford College, and other individuals.

“Smart leaders are committing to setting up diverse and inclusive companies,” mentioned Chait. “As a member of the Founders for Adjust coalition, we are happy to price range and inclusion, and we are really thrilled with our Inclusion solution.”

“Greenhouse Inclusion enhances and standardizes the way organizations operationalize recruiting with structured hiring, which addresses unconscious bias at every single transform,” included Josebachvili. “It can help scale and examine an inclusive hiring process.”

“Greenhouse’s current solution suite and its eyesight for the future can turn out to be a essential resource for companies globally to attract and compete for the greatest expertise, setting up far better, much more diverse, and dedicated groups,” mentioned Alvarez-Demalde.

“Riverwood Cash is the excellent partner,” included Chait. “They realize our eyesight for Greenhouse, the chance we have to continue on increasing in North The usa and globally, and the prospective of our growing expertise acquisition suite. They convey distinctive expertise in scaling and increasing engineering companies. This was an significant thought for us as we satisfied with companies.”

Greenhouse has witnessed huge demand globally, with much more than two,five hundred buyers using the system in in excess of 50 international locations. The organization will deploy its most up-to-date round of funds to fund added progress throughout enterprise customers both domestically and abroad. The round will also be applied to fund investments in R&D to continue on innovating its products.

For much more information about Greenhouse, please pay a visit to https://www.greenhouse.io.

About Greenhouse:

Centered in New York City and San Francisco, Greenhouse Software is the leader in enterprise expertise acquisition software package. Thousands of the smartest and most effective companies like Cisco Meraki, Buzzfeed, J.D. Electricity, Warby Parker and Airbnb use Greenhouse’s smart advice to design and style and automate all elements of hiring all through their organizations, serving to them compete and gain for major expertise. Greenhouse has won a lot of awards which includes #one Finest Spot to Do the job by Glassdoor, Forbes Cloud one hundred, and Talent Acquisition FrontRunner leader by Software Guidance. Greenhouse life its mission that hiring terrific staff members is a strategic company purpose, having been acknowledged as an Inc. Magazine Finest Place of work in 2018 and is rated #fifteen in Crain’s New York Finest Sites to Do the job 2017. To find out much more, pay a visit to greenhouse.io.

About Riverwood Cash

Riverwood Cash is a private fairness agency that invests in large-progress, middle-market companies primarily in the global engineering, engineering-enabled, and other linked industries, including companies in the economical expert services, shopper and expert services sectors where the use of software package, information and digital technologies, and equivalent fields, can add to price generation. Riverwood features a distinctive combination of operational, strategic, engineering, and economical perception to portfolio companies that ordinarily require progress funds and expertise to scale on a global basis. The agency seeks to make investments in recognized companies with a verified engineering and company product, and the right fit in terms of tradition and values, in both minority and management predicaments. Riverwood has workplaces in Menlo Park, CA; New York, NY; and Sao Paulo, Brazil. You should pay a visit to www.riverwoodcapital.com.

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