SimplyHired raises $13.5 million

Filed in archive Venture Capital on April 19, 2006

SimplyHired raises $13.5 million from Fox Interactive:

"This provides tremendous distribution and visibiity for Simply Hired,'' Godhwani said. He added that the funding will allow the company to build out new features and expand internationally. "This is a time for the company to invest in the next phase of our product development.''

SimplyHired was not looking to raise money, Godhwani said. It just raised $3 million in a B round of angel financing in August. But when Rupert Murdoch comes knocking with a pile of cash and a distribution deal, it's hard to say no.

"There's an incredible opportunity before us when you consider that 80 percent of employent dollars are still offline,'' he said.

The investment also signals yet again that old-media giant Fox is aggressively - and many would say, smartly - investing in new-breed web companies, incuding MySpace."