Series B Funding Led by Icon Ventures Will Fuel Accelerating Growth
NEW YORK, NY--(Marketwired - Jun 22, 2016) - The Muse, the most trusted and beloved career destination for Millennials and beyond, with over 50 million users per year, announced that the company has closed a $16 million round of financing led by Icon Ventures. Current investors Aspect Ventures, DBL Partners and QED Investors also participated in the round. Tom Mawhinney, General Partner of Icon Ventures, will join the board. This Series B funding brings total investment in The Muse to $28.7 million.
The Muse has expanded from offering jobs in six markets to more than 40 in the past 18 months. With this fresh capital infusion, in addition to expanding into new markets, The Muse will further scale the business across employer product suites, career advice tools, and the company's recently launched professional development platform, Coach Connect.
Industry studies indicate that two thirds of Millennials would leave their current employer by 2020, if given the choice. In the face of the evolving workplace and talent dynamics, The Muse satisfies the fundamental needs of individuals and employers, offering innovative resources and tools relevant for a diverse range of job seekers from Millennials to Boomers.
"The Muse helps millions of job candidates and ambitious professionals advance their careers, while partnering with over 500 client companies to rethink their talent acquisition strategies for finding and retaining top-performing employees," said Kathryn Minshew, Co-Founder and CEO of The Muse. Hiring partners include companies such as Facebook, Dropbox, Zappos, Slack, Goldman Sachs, HBO, Wells Fargo, The Gap, Target, KPMG, Conde Nast, Aflac and AT&T.
"In addition to garnering the trust of a large community of users, The Muse is creating original, visual content that conveys a company's story and culture to potential employees, a groundbreaking approach, and one that differentiates The Muse from any other recruitment or employer brand," added Tom Mawhinney, General Partner, Icon Ventures.
"The Muse's incredible traction is a testament to the company's unwavering mission, strong team, and proven solutions for employers, job seekers and ambitious professionals alike," says Theresia Gouw of Aspect Ventures. "Under the leadership of Co-Founders Kathryn Minshew and Alexandra Cavoulacos, The Muse has repeatedly outperformed expectations, beating both revenue and customer adoption goals."
About The Muse
The Muse is the most trusted career site for Millennials and beyond, changing the way candidates find their ideal jobs and helping employers find their best-fit candidates. Selected by millions as their career platform of choice, The Muse delivers quality advice, skills-building resources, and coaching services to passive and active candidates. Employers rely on The Muse to hire top talent by showcasing their brands and corporate culture, creating authentic and lasting connections with candidates before they even apply.
Learn more about The Muse: Website | LinkedIn | Twitter | Facebook
About Icon Ventures
Based in Palo Alto, California, Icon Ventures is a technology venture capital firm specializing in mid-stage investing in companies with great entrepreneurs, compelling business models and strong momentum in their respective markets. Icon Ventures has had the privilege to invest in market-leading companies such as Aster Data, ClairMail, FireEye, 41st Parameter, Infinera, MoPub, Palo Alto Networks, Proofpoint and Teladoc. For more information about Icon Ventures visit http://www.iconventures.com/.
About Aspect Ventures
Aspect Ventures works with entrepreneurs in the emerging mobile marketplace, making Seed and Series A investments in Mobile, Consumer Internet, Enterprise, SaaS and Healthcare IT. With a long industry perspective across over 80 Seed and Series A investments, Aspect work alongside great entrepreneurs through every point on their success curve. For more information, please visit www.aspectventures.com. Follow Aspect Ventures @AspectVC.
About DBL Partners
DBL's Double Bottom Line investment strategy is to invest in companies that can deliver top-tier venture capital returns (First Bottom Line), while working with companies to enable social, environmental and economic improvement in the regions in which they operate (Second Bottom Line). Focused on these two, connected drivers of DBL positive social change and a healthy financial performance, DBL invests in Cleantech, Information Technology, Sustainable Products and Services, and Healthcare companies.
About QED Investors
QED Investors actively supports high-growth businesses that use information to compete and win, typically providing a combination of both capital and capability. QED works closely with a small set of carefully selected companies that range in size and style, but common to all of the firm's partnerships is a shared conviction that information plays a decisive role in the success of the company, a mutual desire for a high degree of direct engagement, and a shared enthusiasm for experimentation and learning.
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