AlleyWatch
Greenhouse Software
Greenhouse is a recruiting optimization platform to help companies build and scale their recruiting processes. Founded by Daniel Chait and Jon Stross in 2012, Greenhouse Software is backed by investors that include Benchmark, Felicis Ventures, FundersClub, Social Capital, and Social Starts and is headquartered in New York.
FOUNDED:2012
FOUNDERS:Daniel Chait, Jon Stross
Greenhouse, the applicant tracking and job recruitment software, has agreed to sell a majority stake to TPG Growth and related funds. The terms of the transaction were not disclosed but it has been reported that the transaction values the Greenhouse at $820M.
Well not exposed but earlier in the week, Inc. Magazine released its annual list of the fastest-growing private companies. This year, the list included 190 companies from New York down from 213 in 2018. One component of the list is the annual revenue figure – figures that are often not released for startups. We’ve include
AlleyWatch
Greenhouse, the applicant tracking and job recruitment software, has agreed to sell a majority stake to TPG Growth. The terms of the transaction were not disclosed but it has been reported that the transaction values the Greenhouse at $820M. TPG’s investment at this time is approximately $500M, consisting of ~$450M to acquire stock from existing shareholders (investors and employees) and ~$47M in new equity investment via a related TPG fund.
“Winning businesses are built by talented individuals. Yet every day, organizations around the world base their hiring decisions on hunches and without data, perpetuating biases and limiting human potential. We founded Greenhouse to help companies become great at hiring and reduce bias in the hiring process,” remarked