Identified Raises $21 Million in Series B FundingBy: Richard Stalker - June 7, 2012
Identified.com has managed to secure $21 million in series B funding after already raising a $1.5 million Series A financing. The site, which is the fastest growing career site for young professionals, had VantagePoint Capital Partners and Capricorn Investment Group co-lead the round with participation from notable previous investors including Tim Draper, Bill Draper and Innovation Endeavors. As a condition of the funding, Bill Harding, managing director from VantagePoint will join Identified’s Board of Directors.
“There is an incredible opportunity for innovation in professional networking,” said Bill Harding, managing director at VantagePoint Capital Partners. “With their breadth of data on millennials, Identified has the potential to disrupt professional networking for the young demographic and create valuable solutions for job seekers and businesses alike.”
Identified.com has exploded in the recent past couple of months. They recently hit the 10 million user milestone and are still growing today. They are growing so fast that they are having to move into a new facility to support the influx of new staff members to support the sites growth. In fact, the new round of Series B funding is going to used to further expand the team, focusing on game designers to develop the user experience and data scientists to manage the company’s fast growing database. In addition, Identified is developing enterprise solutions for companies to leverage the Identified platform for recruiting, branding, sales, advertising and business intelligence tools.
“We’re redefining professional identity online for a generation of people who have grown up using Facebook, social media and playing games online,” said Brendan Wallace, co-founder and co-CEO of Identified. “For young users, job boards and existing professional networking experiences are boring. We are committed to building an experience that is incredibly engaging and informative for our users by taking the principles of game design and applying them to managing your career.”
Founded in 2010 and headquartered in San Francisco, Identified pioneered the Identified Score which helps users track their career progress in real time and will eventually provide feedback on how different education and work decisions impact their professional future.
All you need to do is go to their app on Facebook and enter some info about you jobs both past and present . Also you need to enter your education level, and you get a score! Pretty easy app that nearly anyone can do. All you need is Facebook and you are good to go!
Pictured above is Adeyemi Ajao, Identified.com co-CEO, and Brendan Wallace, Identified.com co-CEO