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Jobster Raises Another $7M From Insiders
It was announced today that Jobster raised another $7M in VC funding from existing investors including Ignition Partners, Mayfield Fund, Reed Elsevier Ventures, and Trinity Ventures. The funding brings the total amount of venture capital invested in the company to a whopping $55M, $18M of which was raised in 2006. No information was released about valuation, but I have to imagine that it was either a flat round or maybe even a down round. Either way, the company has extended its runway and bought itself some more time to continue figuring out its business model, value proposition, and competitive positioning.
[tags]Jobster, Jeff Seely, Ignition Partners, Mayfield Fund, Reed Elsevier Ventures, Trinity Ventures, Job Boards, VC Funding For Employment Classified Companies, Jason Goldberg Must Have Left Quite A Mess[/tags]