Simply Hired Secures $4.6 Million in Growth Round and Crosses Profitability Milestone

Announced this morning, Simply Hired secured $4.6 million in a growth round from IDG Ventures and Foundation Capital. The company plans to use the funding to support future domestic growth, increasing the headcount from 50 to 80 in 2009 and to accelerate international expansion. Including this round of funding, Simply Hired has raised $22.3 million to date.

The company has seen significant growth on both its SimplyHired.com site and its network of 5,000 partner sites. In addition, Simply Hired launched localized job search engines in 13 countries (most recently in Brazil, Belgium, Ireland, Italy and the Netherlands) and in seven languages across five continents.

Simply Hired crossed a profitability milestone, operated cash flow positive for the last 4 quarters, and had record revenue growth for the past 16 consecutive quarters. It was also reported as the fastest growing job site in 2008 according to both ComScore and Neilsen Media and was recently named a Top 100 Site of 2009 by PC Magazine. Its network, with job listings powered by Simply Hired, includes LinkedIn, MySpace, The Washington Post, CNNMoney, BusinessWeek and Plaxo, reaches 23 million unique visitors monthly. By reaching job seekers where they spend their time on the Web, SimplyHired.com and its networked are ranked as one of the top 40 most trafficked websites in the United States, according to Quantcast.

Check out the press release for more info!