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Glassdoor Raises New Funding at a Higher Valuation While Public Markets Struggle

Disconnect between the public and private markets or simply a different business model?
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Photographer: David Paul Morris/Bloomberg

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 $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 $200 million since being founded back in 2007, and set a "slight" increase on the circa $1 billion valuation achieved in the last fundraising round, CEO Robert Hohman said in an interview.