With nearly 70 million current members and one million new members every 35 days, Snagajob is America’s #1 spot for hourly work— creating instant and quality connections between hourly workers and hourly employers to secure a job in minutes. The Company partners with half of the brands on the Fortune 1000 list and offers mobile solutions for every stage of the hiring process, from finding a job, to onboarding, to workforce management. Since 2000, the Company’s mission has been to put people in the right-fit positions so they can maximize their potential and live more fulfilling lives across a variety of industries, including restaurant, retail, hospitality and healthcare.
The Company was interested in finding a new partner for its next phase of growth and evolution. Croft & Bender served as a co-advisor to help the Board better understand its alternatives and various outcomes for all shareholders.
The Company raised $100 million for growth and a recapitalization of its existing shareholder base from Rho Ventures, New Spring Capital and Invus.