Social Recruiter KODA Receives $1.5 Million Funding Add-On

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Job hunting community site KODA has received a $1.5 million add-on to its $3 million private angel funding from last summer. The company, which has offices in San Francisco and New Orleans, will use the funds for general expansion. With unemployment hovering around 10 percent, this would seem to be a difficult time to start any kind of recruitment venture, as established online job sites like Careerbuilder, Monster and HotJobs have seen revenues continue to decline. But KODA CEO and co-found Jeff Berger feels that its social recruiting position is different enough from those other sites to capture enough revenue to establish it by the time the economy turns around. Release

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