Greenhouse Software
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Greenhouse Software (commonly known as Greenhouse) is an American technology company headquartered in New York City that provides a recruiting software as a service. It was founded in 2012 by Daniel Chait and Jon Stross, two Class of 1995 graduates from the University of Michigan.[1]
The company raised $2.7 million in a
History
Early history: Founding, seed funding, and Series A round (2012–2014)
Greenhouse Software cofounder Daniel Chait founded banking software startup company Lab49 from his kitchen.[2] While running Lab49, Chait had to deal with the pressures and obligations of recruitment. After he sold his stake in Lab49 in 2011, he decided to focus his next business venture on recruiting, which he told TechCrunch in a November 2013 interview "seemed like a big opportunity".[2] Greenhouse was founded in 2012.[3]
On November 14, 2013, Greenhouse raised $2.7 million in a
In August 2014, Greenhouse raised $7.5 million in its
Series B round and Series C round (2015)
In March 2015, Greenhouse secured $13.6 million in its
In August 2015, Greenhouse received $35 million in its
In August 2015, at the request of The New York Times, the research firm CB Insights ran tests based on funds raised and employee retention rate to predict which startups would become the next unicorns, companies with at least a $1 billion valuation. CB Insights predicted that Greenhouse would become a unicorn.[9] In 2015, Greenhouse Software was on the Forbes cloud 100 list.[10]
Later history: private equity takeover (2021–present)
In January 2021, it was reported that TPG invested $47 million at a valuation of $820 million and spent $450 million buying shares from existing investors taking a majority stake in the company.[11] Debt financing for the investment was provided by Carlyle Global Credit and AB Private Credit Investors.[12]
Product
Greenhouse provides a
See also
- Tech companies in the New York metropolitan area
References
- ^ "Entrepreneurship Speaker Series: Jon Stross & Daniel Chait | Happening @ Michigan". events.umich.edu. 2017-11-03. Retrieved 2023-05-26.
- ^ a b c d Constine, Josh (2013-11-14). "Greenhouse Raises $2.7M To Make Recruiting A Science For Hyper-Growth Startups Like Airbnb". TechCrunch. Archived from the original on 2015-09-04. Retrieved 2015-09-04.
- ^ Noto, Anthony (2015-08-25). "Thrive leads $35M round of funding for Greenhouse Software". New York Business Journal. American City Business Journals. Retrieved 2015-09-04.
- ^ Avellana, Nicel Jane (2013-11-15). "Greenhouse receives USD 2.7 million investment in round led by The Social+Capital Partnership, Resolute.vc". Venture Capital Post. Archived from the original on 2015-09-04. Retrieved 2015-09-04.
- ^ a b c d Constine, Josh (2014-08-13). "Greenhouse Raises $7.5M To Engineer How Startups Recruit…Engineers". TechCrunch. Archived from the original on 2015-09-04. Retrieved 2015-09-04.
- ^ a b c Constine, Josh (2015-03-11). "Greenhouse Rakes In $13.6M B From Benchmark To Save You From Recruiting Hell". TechCrunch. Archived from the original on 2015-09-04. Retrieved 2015-09-04.
- ^ a b c Constine, Josh (2015-08-24). "Hiring Software Juggernaut Greenhouse Swallows $35M Series C". TechCrunch. Archived from the original on 2015-09-04. Retrieved 2015-09-04.
- ^ a b c Ruth, João-Pierre S. (2015-08-28). "Recruitment Software Developer Greenhouse Grabs $35M". Xconomy. Archived from the original on 2015-09-04. Retrieved 2015-09-04.
- ^ "50 Companies That May Be the Next Start-Up Unicorns". The New York Times. 2015-08-23. Archived from the original on 2015-09-05. Retrieved 2015-09-04.
- ^ "Greenhouse Software on the Forbes Cloud 100 List". Forbes. Retrieved 2017-10-18.
- ^ Jeans, David. "TPG Takes Majority Stake In HR Software Company Greenhouse With $500 Million Investment". Forbes. Retrieved 2023-03-27.
- ^ "Greenhouse Software receives loans backing TPG Growth investment". www.spglobal.com. Retrieved 2023-03-27.
- Network World. Archivedfrom the original on 2015-09-04. Retrieved 2015-09-04.
- ^ Constine, Josh (2014-08-13). "Greenhouse Raises $7.5M To Engineer How Startups Recruit...Engineers". TechCrunch. Retrieved 2023-05-22.
- ^ "Greenhouse integration and workflow automation | Workato". www.workato.com. Retrieved 2023-05-22.
- ^ "Clara Labs Launches Greenhouse, Microsoft Office 365, and Zoom Integrations, Extending the Reach and Impact of Their Scheduling Service for Recruiting Teams". PRWeb. Retrieved 2023-05-22.
- ^ Zapier. "Greenhouse Integrations | Connect Your Apps with Zapier". Zapier. Retrieved 2023-05-22.