JobFox Gets $20 Million and Goes On A Growth Spurt

Smart as a fox. That’s an even more apt description of JobFox now that it has another $20 million in the bank and is expanding into six more U.S. cities and Australia.

Already in Atlanta, Boston, San Francisco and Washington, D.C., where it first launched in 2005, Jobfox will open new offices in Chicago, Dallas, Houston, Los Angeles, New York and Seattle in the next six months.

The Australia expansion is fueled by a partnership with Fairfax Digital’s MyCareer.com , the second largest job board in Australia and New Zealand. MyCareer will incorporate JobFox’s matching and branding technology in the early part of this year.

“The rapid growth of Jobfox is due to the tremendous receptiveness from job candidates and corporate recruiters,” is how CEO Rob McGovern explains it in the press release announcing the company’s good news.

The matching and candidate promotion site has gotten at least $40 million from investors since McGovern first began developing it in the spring of 2005. It launched that July with the confusing name of Mkt10 and the promise to be a different kind of job site.

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That it is, even though the name and some of the fundamentals, including the user interface, have changed. McGovern, the founder and former CEO of CareerBuilder who sold it for $200 million in 2000, describes JobFox as “the e-Harmony of jobs.” That describes more than the obvious matchmaking features, suggesting that a good fit depends on both parties making clear what they want in a relationship.

JobFox demands more of employers than the usual bland job description, insisting they fill out a profile similar to what the candidates do. The site also lets candidates know who is looking at their resume and even creates a controversial trackable resume, that can provide that information even when posted to other sites. Some recruiters and job boards have complained about the lack of privacy in reviewing resumes.

Draper Fisher Jurvetson led the $20 million financing round, which also included Menlo Ventures and New Enterprise Associates (NEA) .

John Zappe is the editor of TLNT.com and a contributing editor of ERE.net. John was a newspaper reporter and editor until his geek gene lead him to launch his first website in 1994. He developed and managed online newspaper employment sites and sold advertising services to recruiters and employers. Before joining ERE Media in 2006, John was a senior consultant and analyst with Advanced Interactive Media and previously was Vice President of Digital Media for the Los Angeles Newspaper Group.

Besides writing for ERE, John consults with staffing firms and employment agencies, providing content and managing their social media programs. He also works with organizations and businesses to assist with audience development and marketing. In his spare time  he can be found hiking in the California mountains or competing in canine agility and obedience competitions.

You can contact him here.

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