Jibe provides corporate talent acquisition teams a cloud-based recruitment marketing platform that optimizes mobile and desktop apply, job distribution, employee referrals, and integrates with applicant tracking systems via a SaaS delivery model. The platform includes an analytics engine, Recruiting Analytics, which aggregates recruiting metrics from disparate back-end systems into real-time business intelligence for talent acquisition professionals. Jibe pioneered a complete mobile job application experience for job seekers and focuses on improving the candidate experience across the hiring funnel. The company serves more than 70 companies worldwide, including customers such as Accenture, Macy’s and Walmart. Through the first quarter of 2014 Jibe reported annual recurring revenue growth of 289% year-over-year and contract bookings growth of 219% over the same period. Jibe plans to use new funding to grow its software engineering, customer success and global sales teams and to further penetrate international markets and expand its footprint within the global Fortune 1000. Jibe builds mobile-friendly job-application technology and backend recruiter analytics to help employers process and analyze applicants. It recently launched a suite of recruiter analytics tools that show where applicants come from, how they find openings, how much time they spend on applications, and where they abandon forms. The company says it is processing hundreds of thousands of applications now and has three unnamed Fortune 1000 customers using the new analytics. To scale without giving up equity, Jibe secured a $4 million credit facility from Silicon Valley Bank. Previously the startup raised a $10 million Series B led by Longworth Venture Partners with participation from Polaris Partners, Lerer Ventures, DFJ Gotham, and Thrive Capital. Jibe is hiring as it prepares to move into a new office in Greenwich Village. JIBE provides mobile-first job application software that integrates with large employers’ applicant tracking systems to simplify applying via smartphones and tablets. The company pivoted from its consumer-facing origins as TechCrunch 50 startup localbacon (which charged recent grads $0.99 to apply) to an enterprise-centric model focused on ATS integration. JIBE has secured partnerships with major employers including AT&T, Procter & Gamble, and Walmart. Management plans to use recent funding to hire engineers and salespeople to improve the product and win new clients. CEO Joe Essenfeld says the product’s tighter ATS integration is a key competitive differentiator. Financially, JIBE reported that fiscal Q4 2012 was its best quarter ever, improving by over 100% versus prior performance. The company is New York–based. Jibe (formerly LocalBacon) is a next-generation social job board that leverages Facebook, LinkedIn and Twitter to help job seekers find positions. Users sign in with Facebook Connect and the platform pulls work and education history from Facebook and LinkedIn to pre-populate profiles and surface connections at hiring companies. For each job posting Jibe shows whether a user is connected to employees and enables messaging to request recommendations or advice; it also uses a credit system to manage applications. On the enterprise side Jibe allows employers to add a social layer to candidate evaluation and vetting. The company reported more than 700,000 visitors engaged with its platform in April, resulting in thousands of interviews, and has signed up 25% of the Fortune 50 as clients, including Microsoft, Amazon, Intel, MTV, American Express and Bank of America. Jibe faces competition from LinkedIn and BranchOut and plans to use the funding to build out its engineering team, expand its product, and further develop its mobile offerings. The Series A brings its total funding to $7 million. Jibe is a social recruiting service that ties into Facebook, Twitter and LinkedIn to help users find jobs through their social networks and see connections at hiring companies. The product pre-populates profiles from Facebook Connect, lets users link LinkedIn and Twitter, and shows who in a company is connected to an applicant so candidates can request referrals or advice. Jibe is operating in private beta, targeting the 24-and-under crowd, and is distributing invites (the first 200 with code “Techcrunch”). Its monetization mixes a credit system for applicants (users can earn credits or buy 500 credits for $5) with employer fees—employers post free but pay $15 to unlock an applicant’s profile. Job listings are ranked by views, saves, and applications, and the company offers a Facebook app for employers and is making its recruiting graph available to college career centers. Jibe relocated to Dogpatch Labs in New York City as part of the relaunch from the founders’ prior site, localbacon.

Total raised

$41M

Funding rounds

5

Latest round

Series C

Latest activity

May 2014