Jobcase acquires $100M in growth equity round led by PSG

Jobcase.com, an open-access platform dedicated to empowering people in their work-lives, has closed a $100 million in growth equity round led by Providence Strategic Growth (PSG). PSG is an affiliate of Providence Equity Partners L.L.C., a global private equity and credit investment firm with $57 billion in capital under management. The new funding will accelerate product development and services for Jobcasers (Jobcase members) via internal growth and/or strategic acquisitions. Some enhancements include, but are not limited to, sophisticated machine learning architecture that will better serve relevant content to Jobcasers, product development to increase ease of connections and community building and new integrations and APIs that enable Jobcasers to more easily promote themselves and better engage with employment opportunities.

“We are proud to help expedite Jobcase’s mission to empower people in their pursuit of a happy and meaningful work-life,” says Mark Hastings, PSG CEO. “Jobcase’s unique approach that prioritizes community has catapulted the company to its position as an industry leader. The company is well positioned to fulfill the pressing need for connection in this space both domestically and abroad.”

Recently ranked as the fourth largest online destination for career resources in the USA, Jobcase serves more than 100 million registered members with over 25 million unique active Jobcasers visiting the site each month.

“We are thrilled to have PSG as a partner that understands people need not navigate the future of work alone,” Fred Goff, Jobcase Founder, and CEO stated. “At its core, Jobcase is a platform where people help people. Often, the future of work can be intimidating to individuals. Jobcasers stand stronger together. If you care about other people, drive your own work-life success, and believe that workers should be treated as well as stockholders or customers, then you are a Jobcaser too – Come join us!”

Jobcase’s legal counsel was provided by Goodwin Procter LLP; PSG was advised by Weil, Gotshal & Manges LLP.

SOURCE Jobcase

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