Fairygodboss, a self-proclaimed social community for career-minded girls, introduced at the moment that it has raised $ 10 million in Sequence A funding, co-led by GSV Speed up and Sign Peak Ventures. This follows a $ three million spherical of enterprise capital in Could 2018 bringing the overall capital raised by the New York startup to $ 14 million. The brand new funds will enable Fairygodboss to "enhance" its present product line and broaden its crew, the corporate stated.
Fairygodboss – co-founded in 2015 by Georgene Huang and Romy Newman, two veterans of the Dow Jones – started its profession as a portal of nameless critiques like Glassdoor earlier than changing into a basic profession website. Along with job listings and employer profiles, it hosts a customized day by day feed and participatory databases for the good thing about companies.
Not like, for instance, LinkedIn or CareerBuilder, Fairygodboss addresses the greater than 72 million girls within the US workforce. Workers, previous and current, share details about employers who’ve beneficiant maternity depart insurance policies or worth work-life steadiness. Their opinions inform Fairygodboss' suggestions and commonly up to date lists of the most effective firms for ladies.
Fairygodboss is free – it earns most of its cash by writing sponsored content material for purchasers and offering them with details about the competitors – and has greater than three million guests every month. Huang and Newman consider that this impulse stems partly from the stigma surrounding maternity advantages; In response to a 2015 Fairygodboss survey, 65% of ladies reported that they have been uncomfortable asking for particulars of maternity depart throughout interviews and 80% stated that they weren’t snug with asking questions on maternity depart. they’d be a part of an organization with no good understanding of the foundations. As well as, based mostly on evaluate information, Fairygodboss reported that solely 61% of employers surveyed handled girls pretty, in comparison with males, and that 21% didn’t promote girls in the identical method. solely males.
The positioning is clearly doing one thing good. Fairygodboss claims to have seen its variety of customers multiply by 30 in two years – to 24 million girls – and advised VentureBeat to have greater than 100 buying and selling companions, together with well-known manufacturers equivalent to Accenture, Apple, Normal Motors, Residence Depot, Hilton, JPMorgan Chase and Southern. California Edison.
"I actually assume firms want to grasp that individuals – whether or not they're mother and father or not – lead lives exterior of labor," Huang advised Rebecca Blumenstein, deputy chief editor of New York. Instances, on the stage of Fairygodboss's current Impress Summit in New York. "We have to inform the reality about our office experiences to make progress in attaining gender equality. It means loads for ladies to listen to straight from different girls. "
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