Glassdoor-esque platform for women seeking out non-discriminatory workplaces, Fairygodboss, has recently announced a successful $10 million in series A funding led by both GSV Accelerate and Signal Peak Ventures.
The investment comes following International Women's Day and a recent report that women earned only 2.2% of VC dollars in 2018. Their unicorn status in terms of landing this kind of funding isn’t lost on cofounders Georgene Huang and Romy Newman and they are pretty excited about what this kind of capital means for the future of the platform.
“We’re thrilled about this new investment to the company. Fairygodboss has grown tremendously since its founding. We’re excited about our continued growth, which will allow us to enhance our product for both the FGB Community and corporate customers,” says Georgene Huang.
Huang and Newman, both former Dow Jones executives, founded Fairygodboss in 2015 on a hunch and a hope that women, if asked, would anonymously offer up information such as maternity leave benefits, salaries, advancement opportunities and company culture—they were right. The crowdsourced platform went live with around 100 reviews and, now, counts tens of thousands of company reviews and more than three million monthly visitors to the site.
On day one, and every day since, those women accessing the platform have been able to do so without ever touching their wallet. According to Huang, that’s always been the promise of Fairygodboss – with or without the $10M in funding:
“We are committed to being a free, digital platform for the millions of women who use our site every month. From accessing anonymous job reviews, to community advice, to jobs at top-rated companies for women, Fairygodboss is the largest career community for women, and we look forward to continuing to be a free resource to every career-minded woman.”
Read more here.
Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.