Glassdoor raises funding at higher valuation

New York

WHILE LinkedIn Corp struggles in the public market, one of its private competitors just raised new funding at a higher valuation.

Glassdoor Inc has tapped investors for US$40 million in a financing round led by T Rowe Price Associates, Inc. The new money brings the employment website's total funding to about US$200 million since being founded back in 2007, and set a "slight" increase on the circa US$1 billion valuation achieved in the last fundraising round, chief executive Robert Hohman said in an interview.