Series B Funding Led by Icon Ventures Will Fuel
NEW YORK (June 22, 2016) – The Muse, the most trusted and beloved career destination for Millennials and beyond, with over 50 million users per year, announced that the company has closed a $16 million round of financing led by Icon Ventures. Current investors Aspect Ventures, DBL Partners and QED Investors also participated in the round. Tom Mawhinney, General Partner of Icon Ventures, will join the board. This Series B funding brings total investment in The Muse to $28.7 million.
The Muse has expanded from offering jobs in six markets to more than 40 in the past 18 months. With this fresh capital infusion, in addition to expanding into new markets, The Muse will further scale the business across employer product suites, career advice tools, and the company’s recently launched professional development platform, Coach Connect.
Industry studies indicate that two thirds of Millennials would leave their current employer by 2020, if given the choice. In the face of the evolving workplace and talent dynamics, The Muse satisfies the fundamental needs of individuals and employers, offering innovative resources and tools relevant for a diverse range of job seekers from Millennials to Boomers.
“The Muse helps millions of job candidates and ambitious professionals advance their careers, while partnering with over 500 client companies to rethink their talent acquisition strategies for finding and retaining top-performing employees,” said Kathryn Minshew, Co-Founder and CEO of The Muse. Hiring partners include companies such as Facebook, Dropbox, Zappos, Slack, Goldman Sachs, HBO, Wells Fargo, The Gap, Target, KPMG, Conde Nast, Aflac and AT&T.
“In addition to garnering the trust of a large community of users, The Muse is creating original, visual content that conveys a company’s story and culture to potential employees, a groundbreaking approach, and one that differentiates The Muse from any other recruitment or employer brand,” added Tom Mawhinney, General Partner, Icon Ventures.
“The Muse’s incredible traction is a testament to the company’s unwavering mission, strong team, and proven solutions for employers, job seekers and ambitious professionals alike,” says Theresia Gouw of Aspect Ventures. “Under the leadership of Co-Founders Kathryn Minshew and Alexandra Cavoulacos, The Muse has repeatedly outperformed expectations, beating both revenue and customer adoption goals.”
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