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Is JobFox In Trouble? follow this blog post

MCLEAN, VA - JobFox, the online job site that matches job seekers with employers via its mutual suitability system, has raised $3 million via debt and options on its securities, according to a regulatory filing.

The company, which has not yet responded to TechJournal South's request for an interview, revealed the financing in a filing with the U.S. Securities and Exchange Commission.

JobFox raised a $20 million C round in January 2008 and a $10 million B round in May 2006. Investors include Menlo Ventures and New Enterprise Associates.

JobFox matches job seekers and employers in much the same way some dating sites match people and brings headhunter techniques to job seekers, helping them showcase their unique skills and experiences. Its matching technology focuses on "the 10 dimensions of a good job fit."

The company allows job seekers to create their own free personally branded career space and notifies them via mobile phone, IM text messages, or otherwise when a potential employer looks at their resume. Users can upload work samples and even let employers know they're not unhappy in their current position, putting them in a desired segment of potential employees.

JobFox was founded by Rob McGovern, one of TechJournal South's most influential people in the Southeast Technology sector picks in 2007 and as Market10, presented its business plan at TJS's first Southeast Venture Conference in 2007 (www.seventure.org).

McGovern founded and was chairman and CEO of CareerBuilder.com and wrote the popular career advice book, "Bring Your 'A' Game."

 

3 comments

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  • 1 point 4 months ago

    As the VP of Employer Marketing at Jobfox, I speak for the company when I say that we are doing very well.  Our new service offerings have far exceeded expectations and we're now experiencing all time record traffic to www.Jobfox.comResumePal is also gaining significant traction with our first set of employers on board to start accepting ResumePal this summer, including Black & Decker,Sears, Ryder and dozens others (http://go.jobfox.com/ResumePalEmployers.html).

    I have not received any requests for comment from TechJournal South, so I'm not sure what the basis is for that comment.

  • 1 point 4 months ago

    Steve, thanks for the insight.  You may want to reach out to them for clarification.

  • 1 point 4 months ago

    Will do - to be blunt, I've been in tech marketing for the last 12 years of my career and I've never heard of Tech Journal South.  We're based in the DC area, about 250 miles from Research Triangle Park, NC where that publication is located (about the same distance from NY to Boston).