Jobster raises another $7M

Venture Beat — Fri, 25 Apr 2008 09:14:18 -0700

Updated

Job site Jobster has raised another $7 million in a fourth round of funding. It’s not a huge amount of cash, but it comes on top of the $48 million that Jobster previously raised at a $100 million-plus valuation.

With all the job sites out there, we’ve been skeptical about Jobster’s (and other sites’) ability to be heard above the noise. Since we voiced that concern more than a year ago, even more sites have emerged — for example, I’ve covered NotchUp, which has the novel hook of paying job seekers for an interview, and there were two very different job sites making their pitch at the most recent Y Combinator demo day.

Some of our concerns were assuaged by chief executive Jason Goldberg’s salesmanship, and the fact that Jobster has signed up a bunch of corporate customers. But Goldberg actually left in December, replaced by Jeff Seely, who helped sell trading site Sharebuilder. Presumably, the new funding is part of Seely’s efforts to revitalize the Seattle startup. Investors included Ignition Partners, Trinity Ventures, Mayfield Fund and Reed Elsevier Ventures.

Update: I asked Christian Anderson, Jobster’s director of corporate communications, what the funding means for the company, but he told me he can’t say anything. It sounds like there may be more news (perhaps some new features, or a new focus?) in the pipeline.