DHI Group Invests $3 Million in The Muse

September 13, 2021 – DHI Group, Inc., a provider of AI-powered technology-focused career marketplaces, has announced a $3 million investment in The Muse,  a values-based career destination for the NextGen workforce to search for jobs and research companies and careers. The investment will be used to support the expansion of The Muse’s product development and sales efforts to meet the increasing market demand for its unique values-based employer discovery offerings.

In addition to the investment, the two companies will work together to develop joint sales, thought leadership and product solutions. “At a time when the market to hire technologists is tighter than ever, one focus of the partnership is to offer Dice clients an opportunity to convey their unique culture, values, and approach to technology development,” DHI Group said. “These differentiators are fundamental to attracting and retaining talented technologists who will remain in high demand for the foreseeable future.”

“Technologists are increasingly focused on the culture and values of potential employers as they make career decisions,” said Art Zeile, CEO of DHI Group. “We believe The Muse is a true leader in providing solutions that authentically support this discovery process with great benefits for both employers and candidates. The Muse is an ideal partner for Dice as we look to accelerate our own ability to deliver these same insights to technologists customized for their specific interests.”

“We’re excited to embark on this new venture with DHI at a time when The Muse is gaining momentum in our mission to help companies showcase their values and culture, creating a more transparent and humanized job search experience and fostering a deeper connection with future employees,” said Kathryn Minshew, co-founder and CEO of The Muse. “Our best-in-class platform provides our audience of Gen Z and millennial talent with relevant information about companies and careers that align with what they value in today’s world of work.”

DHI Group is a provider of AI-powered career marketplaces that focus on technology roles. DHI’s two brands, Dice and ClearanceJobs, enable recruiters and hiring managers to search for and connect with skilled technologists based on the skills requested.

Investment Funding

Here’s a look at some other recent funding deals secured by these companies from the Hunt Scanlon Media archives:

Worksome recently closed a $13 million Series A funding round for its freelance talent platform — after racking up 10x growth in revenue since January 2020, just before the COVID-19 pandemic sparked a remote working boom. Founded in 2017, Worksome is an enterprise platform that connects companies with freelancers looking for professional roles. The company helps medium and large companies, working with many freelancers at a time, filling vacancies within teams rather than assisting companies in outsourcing projects. According to Worksome CEO and co-founder Morten Petersen, most enterprises use managed service providers (MSPs) to manage and pay external workers. He said that they use “outdated technology that is not built for managing fluid workforces to handle complex compliance processes around hiring and managing freelance workforces.”

SeekOut, the AI-powered talent 360 platform, has received $65 million in series B funding led by Tiger Global Management, with participation from existing investors Madrona Venture Group and Mayfield. This capital raise brings SeekOut’s total funding to $73 million. This funding round values SeekOut at close to half a billion dollars. SeekOut’s growth and expansion has been driven by the critical role it plays in empowering talent acquisition teams to recruit hard-to-find and diverse talent. SeekOut has consistently received high scores and strong reviews in analyst and customer assessments. 

GoodJob, a platform that aims to use psychology and data science to match workers with jobs, recently raised $3 million to increase marketing and sales efforts in major markets across the U.S. “GoodJob’s solution is ideal for today’s market,” said Stephen D. Johnston, CEO of GoodJob. “Prior to an interview and without introducing bias, employers can quickly assess a candidate’s fit on the front end of the hiring process,” said Mr. Johnston. “This approach allows companies to spend time only on candidates who have a high probability of success, which significantly impacts hiring efficiency, especially as companies move to no-touch hiring practices.”

Turing.com, which describes itself as an automated platform that enables companies to use and manage remote software developers, has assembled $32 million Series B funding. The capitalization round was led by $3.3 billion fund WestBridge Capital. The round includes a number of high-profile investors, including Foundation Capital, which led Turing’s seed round. Altair Capital, Mindset Ventures, Frontier Ventures and Gaingels also participated in the Series B round. Driven by the massive global shift to remote work due to the COVID-19 pandemic, Turing taps into a global pool of developers to help companies hire in markets such as the San Francisco Bay Area and New York, where it has been difficult and expensive to hire and retain software engineers.

The Mom Project, a talent marketplace, closed a $25 million series B funding round, bringing total funding at the Chicago-based company to $36 million. The Mom Project aims to connect women, including mothers, with employment opportunities. Its platform has amassed more than 275,000 users and more than 2,000 companies, including brands like Apple, Nike, Gap and BP. “Together we’ve proven that hiring, retaining and supporting moms and caregivers isn’t just a nice thing to do — it’s great for business,” said Allison Robinson, founder and CEO. “We’re in a unique moment in time where companies are embracing flexible work and prioritizing inclusion, and are excited to rapidly accelerate our efforts to unlock the potential of moms in the workplace. Our latest round of funding will help expand our Enterprise product suite, build out our mom community engagement strategy and engage with more small business customers.”

Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media

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