Jobcase, a platform dedicated to assisting people find work, received $100 million in growth equity funding. The round was led by Providence Strategic Growth, which is an affiliate of Providence Equity Partners L.L.C., a global private equity and credit investment firm.
The round brings the total funds raised to $118.9 million since the company was founded in 2009.
In an email to BostInno, Jobcase CEO Fred Goff wrote that the investment “will go towards bringing in the talent needed to enhance the community’s machine learning architecture, improving the product and experience for jobseekers and employers as well as growing the reach of the platform.”
Jobcase, which was recently ranked as the fourth largest online destination for career resources in the United States, has 180 employees in Kendall Square. With the new funds, the company plans on growing by about 50 percent per year through 2020.
As of now, Jobcase, which has more than 100 million registered members, offers tools that include profile and resume building and employee folder curation. With the funding, the company plans on building the integrations and API’s to combine all professional information in one area so a member does not have to input their work information on other job sites like Indeed or CareerBuilder.
Jobcase is also investing in community building tools to make networking and creating a support system easier and more effective.
When Jobcase was looking for investors, Goff added they were “looking for a firm that would celebrate our Kendall square roots and MIT ties and not push to move us to Silicon Valley.” With PSG, Goff said the firm understood Jobcase’s mission and were also setting roots in Boston.
