Today during my fireside chat with Kit Eaton of The New York Times at Web Summit in Lisbon, Portugal, I announced an incredibly exciting milestone for Hired. We have accepted a second close of our Series C funding, bringing the total for this round to $70 million, and our total funding to over $100 million. This funding came primarily from limited partners Glenmede Trust and Ontario Pension Board, with additional pro-ratas from existing investors. Both Glenmede Trust and Ontario Pension Board had previously invested in Hired through their relationships with our venture capital partners and are excited about the opportunity to invest directly in our business.
This type of investment has become a growing trend in Silicon Valley and beyond, with limited partners like major pension funds and sovereign wealth funds looking to bypass private equity and venture capital to take direct stakes in companies. Even last week, Toyota announced an investment in San Francisco-based car-sharing company Getaround though its investment fund, Mirai Creation Investment Limited Partnership. We consider this investment from Glenmede Trust and Ontario Pension Board to be a robust endorsement of our vision, given the fact that limited partners tend to be more conservative investors and this additional funding was not something we actively sought. The financial resources from this Series C round will allow us to continue to invest in new technologies, enhance our data science capabilities, and continue to build an outstanding global team that will enable us to keep growing.
Ultimately we believe that people want to feel a sense of purpose in their everyday work, to feel challenged and grow their skills, and to have the sense that their job isn’t just a job, but truly is an opportunity. My hope is that armed with these additional financial resources, we can be the partner people turn to as they move from one opportunity to the next, to fulfill our own mission of helping everyone get a job they love.
For additional information about all the exciting news I announced in Lisbon, take a look at my post on Medium, Solving the Opportunity Crisis.