Reed Elsevier Invests in Jobs Aggregation Site Jobster; $18 Million Funding

Jobster, the jobs aggregation and social networking hybrid site, has raised a whopping $18 million in its third round of funding, from the venture arm of Reed Elsevier, the London publishing company that owns LexisNexis, Harcourt, Holt and Reed. Also participating in the third round of capital were existing investors Ignition Partners, Mayfield Fund and Trinity Ventures.
The Seattle company has now raised $48 million, a significant amount for a two-year-old enterprise.
Jobster plans to use the new money to expand internationally, where it has some customers but little presence. It expects to double the number of customers from 400 to 800 and increase Jobster’s own headcount from 120 to 140 employees by the end of the year.
Classified Intelligence Alert (not online, only e-mail): Interesting this: Last summer it raised $19.5 million, most of which, CEO Jason Goldberg said, is still in the bank.
Related:
Jobster Acquires Recruiting Blog Recruiting.com
Jobster Acquires Jobby

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