Glassdoor, the Sausalito-based job-search site that offers the workforce a forum to grade their employers, is receiving $50 million from investors to expand its global reach — and in the process, add jobs in Marin County.
The infusion is more than the $42 million the company had received collectively since launching in 2008 — a sign of the company's growing influence in the realm of online job searching.
"Our mission is to help people find a job they love," said CEO and founder Robert Hohman. "It's working really, really well in the U.S. right now. This $50 million is really meant to help us to do this around the world."
Hohman said the company is looking to grow its presence in Europe and Asia. While the marketplace is overseas, most of the jobs will be created locally.
"The vast majority of the work happens here" in Sausalito, Hohman said.
The company expects to add 100 jobs to its current workforce of 200. That includes software engineering, sales and marketing jobs, Hohman said.
It's a significant boon for Marin County, where nearly 90 percent of businesses employ six or less workers, said North Bay Leadership Council President Cynthia Murray.
"They're exactly the kind of technology company that we would hope to spill over from San Francisco and Silicon Valley," Murray said. "Three hundred is a significant workforce in Marin County."
Hohman, an Ohio native who lives in Tiburon, started the company in a "spare office" at the now-defunct Modulus Guitars in Novato, before moving operations to Southern Marin.
He said about a quarter, or 50, of the company's employees live in Marin County.
Glassdoor is similar to Yelp in the way it allows users to comment on and grade their employers, as well as share salary information. That, in turn, offers job seekers unfettered reviews of the companies they could potentially work for. The site is also fast becoming a leading go-to for job listings.
Several of the investment groups that contributed to the $50 million pot declined to comment, citing company policy to not speak with the media.
"Glassdoor has rapidly become a critical player in the global recruiting market, due to its extensive content platform and data insights that benefit both job seekers and employers," Lee Fixel, partner at Tiger Global, said in a press release. "Glassdoor is well positioned to extend its strong market position, both domestically and abroad."
Robert Eyler, a Sonoma State University economics professor, said the investment in Glassdoor is a strong indicator of the company's impact on the job market.
"It's a great model of a company that saw a missing link, tries to fill it, and actually does quite well filling it," Eyler said. "Before it existed, what you saw a lot of was individualized websites and individual people doing the blogging and social media aspects of discussing their companies in an anonymous manner. What Glassdoor does is provide that way of discussing companies that a lot of people were historically reticent to engage in."