BountyJobs Secures $12 Million Funding Round to Fuel Growth Plans

Funding round led by Greylock Partners.

It is very rare that you see a company which provides so elegant a solution to such a massive problem that it will fundamentally alter an entire industry.

New York, NY (PRWEB) July 8, 2008 -- BountyJobs today announced that it has closed on $12 million in financing, led by venture capital firm, Greylock Partners, to help fuel its growth as a destination where employers can engage with headhunters to find top talent. The funding is in addition to the $3.5 million that BountyJobs initially raised from RPM Ventures, Scott Shleifer of Tiger Global, and John Osher, entrepreneur.

"At BountyJobs, we are focused on enhancing communication between employers and headhunters and breaking down all the frictions that once made transacting business between the two parties difficult," said Jeremy Lappin, CEO of BountyJobs. "As a result, employers get access to talent faster than any other means available."

BountyJobs provides employers with access to thousands of professional headhunters. Since its launch in November of 2006, it has doubled revenue for six consecutive quarters and is now placing thousands of employees annually at more than one hundred of the Fortune 500.

Asked why he made the investment in BountyJobs, David Strohm of Greylock said, "It is very rare that you see a company which provides so elegant a solution to such a massive problem that it will fundamentally alter an entire industry."

About BountyJobs:
BountyJobs is a communication platform which streamlines a company's recruiting process, helping employers save time and money. The site eliminates recruiting inefficiencies for employers by enabling access to a network of thousands of professional headhunters and all of their extended candidate networks. BountyJobs works for companies of all sizes, from leading Fortune 500 brands to small businesses. To learn more, please visit www.BountyJobs.com.

About Greylock:
Founded in 1965, Greylock Partners is one of the world's leading venture capital firms. The Greylock approach uniquely puts the entrepreneur first, with Greylock working as an "invited guest" in a highly supportive yet consultative way to help entrepreneurs build market-leading companies. Companies Greylock has funded include Ascend Communications, DoubleClick, Internet Security Systems, Legato, Millennium Pharmaceuticals, Openwave, Red Hat, Tellabs, Trilogy, Facebook, Linkedin and others. Greylock's offices are located in Silicon Valley, the Boston area and Israel.

For more information, contact:
Erica Jayne Walsh
(646) 329-9823
Erica @ bountyjobs.com

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