US-based human resources technology start-up Comparably has raised $7.25M in new funding. The funding round was led by Greycroft Partners, with participation from Comcast Ventures, Crosslink Capital, Alpha Edison, and Lowercase Capital.
Comparably had previously raised $6.5 million Series A financing, led by Crosslink Capital.
Founded in 2015 by Mike Sheridan, Jason Nazar, and Yadid Ramot, Comparably is a platform that provides job compensation data, employer ratings, and company culture reviews. Users can find not only typical salary levels based on city, job title, and industry, but also employees’ ratings of employers around compensation levels, leadership team, and workplace culture.
The start-up is similar to job portal Glassdoor.com in that it provides salary reports and anonymous employee reviews so that job seekers can gain a unique insight into the company and role they’re applying for.
But unlike Glassdoor, Comparably allows users to filter company reviews according to demographic characteristics like location, gender, age, and ethnicity. This allows job seekers to gain information on issues specific to their demographic. For example, female users are able to access company reviews that deal with sensitive topics like sexual harassment or gender equality in the workplace.
In a bid to challenge job portal giants like Indeed and LinkedIn, Comparably introduced a function that claims to “have your dream job find you.” Instead of sifting through hundreds of applications like on a traditional classifieds website, job seekers can specify what they expect or desire from their next job, and Comparably will suggest companies whose profiles match with those criteria.
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