JIBE Inks $10M

JIBE, a company focused on mobile and social hiring for job candidates and employers, has closed a $10 million Series B round. New investor Longworth Venture Partners led the round. Polaris Partners, DFJ Gotham, DFJ, Zelkova, Lerer Ventures and Thrive Capital also participated. JIBE is based in New York.

PRESS RELEASE
JIBE, improving the mobile and social hiring experience for job candidates and employers with innovative SaaS solutions—announced today that it completed a Series B financing of $10 million led by new investor Longworth Venture Partners. Also participating were several existing investors including Polaris Partners, DFJ Gotham, DFJ, Zelkova, Lerer Ventures and Thrive Capital.

“Paper resumes gave way to digital job applications, and desktop computers are now giving way to smartphones and tablets as the recruiting platform of choice,” said Joe Essenfeld, JIBE Founder and CEO. “Our Fortune 1000 customers recognize this trend and want to stay ahead of it, knowing they otherwise risk self-selecting out the best candidates from their applicant pool. With this Series B financing, we will continue to advance our suite of SaaS based recruiting products with a focus on candidate experience and business intelligence to improve the recruiting experience.”

Presently, the majority of companies do not have the capability to interface with applicants and candidates through mobile devices, despite explosive mobile growth in recent years. Mobile data traffic grew by 133 percent in 2011, and by 2016 it is predicted that there will be 1.4 mobile devices per capita globally.

In 2012, JIBE partnered with leading global companies, including Walmart, AT&T, Procter & Gamble, General Motors and Accenture to extend their Human Capital Management solutions to mobile devices. Using JIBE’s SaaS solution, these companies are decreasing candidate drop-off rates from all talent acquisition channels including web-based, social media and emailed job announcements. Across JIBE’s family of companies, there has been a 680 percent growth in realized job applications via its mobile solution.

“Our goal in working with our client partners is to offer superior technology that exceeds their requirements,” said Andrzej Lawn, JIBE’s Chief Technical Officer. “We developed JIBE’s solutions to integrate seamlessly across all existing company applicant tracking systems and architected our platform to accommodate the legal, compliance and data security requirements related to job candidate submissions. With these significant barriers removed, our proprietary solution is allowing companies to enter the mobile data space with confidence.”

“As social media and mobile devices transform the enterprise, JIBE is well positioned to disrupt the multi-billion dollar Human Capital Management space. Their suite of solutions, architected from the ground up to be mobile and social first, is resonating strongly with enterprise customers. We are very pleased to support their rapid growth,” said Nilanjana Bhowmik, who led the investment for Longworth and now joins JIBE’s board.

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