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- Greenhouse Software
Greenhouse Software Acquisition, Valuation, Funding & Investors
Greenhouse Software was acquired by TPG for $820M in January 2021, a 6.5x multiple on $125M of revenue.
Greenhouse Software revenue at acquisition
$125M
Last twelve months · Jan 2021
Greenhouse Software revenue multiple at acquisition
6.5x
EV/Revenue · Jan 2021
Cumulative funding Greenhouse Software raised
$109M
across 6 funding rounds
About Greenhouse Software
Greenhouse Software is a New York City-headquartered recruiting platform optimizing hiring processes for enterprises. The company delivers applicant tracking systems, interview scheduling, and analytics tools used by HubSpot, BuzzFeed, Booking.com, and J.D. Power. With offices in San Francisco, Denver, and Dublin, Greenhouse Software founded in 2012 drives structured recruitment methodologies across global teams.
Founded
2012
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$125M (Jan 2021)
Valuation
$820M (acquired Jan 2021)
Greenhouse Software Acquisition
Greenhouse Software was acquired by TPG for $820M on 14 January 2021.
The acquisition price implies a 6.5x revenue multiple on $125M of revenue.
Before the acquisition Greenhouse Software had raised $109M across 6 funding rounds.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 14 Jan 2021 | PE buyout | $820M | 6.5x |
Greenhouse Software Funding History
Greenhouse Software has raised a total of $109M across 6 funding rounds.
Greenhouse Software's first fundraising round was a $1M seed round in May 2013. The most recent completed round was a $50M Series D in July 2018.
Greenhouse Software funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2018 | Series D | Riverwood Capital (lead); Frontline Ventures | $50M | Greenhouse Software is an enterprise talent acquisition platform founded in 2012, offering tools for recruiting, onboarding, hiring analytics, and diversity and inclusion to help companies hire effectively. It serves over 2,500 customers in more than 50 countries, including Cisco Meraki, Buzzfeed, J.D. Power, Warby Parker, and Airbnb, positioning itself as a leader in streamlining hiring processes for top talent. On July 12, 2018, Greenhouse raised $50 million in Series D funding from Riverwood Capital, bringing total funding to over $110 million. Riverwood Capital led the round. The investment supports global expansion to meet demand from enterprise clients, investments in R&D for product innovation, and scaling domestically and internationally. Riverwood Capital, a private equity firm focused on high-growth tech companies, praised Greenhouse's technology and market approach, aiming to help it scale. Greenhouse operates from New York City and San Francisco, competing in the recruitment software space. Later developments include a January 2021 acquisition for around $820 million (post-money valuation) and $450 million deal size. |
| Aug 2015 | Series C | Thrive Capital (lead); Lumia Capital; Benchmark; Social Capital; Groupe Arnault | $35M | Greenhouse Software is a recruiting optimization platform designed to help companies improve their hiring processes by finding talent with the right skills and cultural fit more efficiently. On August 25, 2015, it announced a $35 million Series C funding round led by Thrive Capital, with participation from existing investors Benchmark, The Social+Capital Partnership (now Social Capital), and Groupe Arnault. This followed a $13.6 million Series B round in March of the same year, bringing total funding to approximately $60.1 million at that point. Thrive Capital partner Will Gaybrick highlighted Greenhouse as the market leader in recruitment solutions, noting its use in their portfolio companies and its separation from competitors through proprietary systems that enhance candidate experience and hiring speed. The funding underscores the company's rapid growth and increasing adoption of its talent acquisition platform amid a crowded field. |
| Mar 2015 | Series B | Benchmark (lead); Felicis; Social Capital; FundersClub; Resolute Ventures | $14M | Greenhouse Software raised $13.6 million in its Series B funding round on March 12, 2015, led by Benchmark with participation from Felicis Ventures, The Social+Capital Partnership, and Resolute Ventures. The funds were intended to expand the sales team, handle security audits, support internationalization, and improve product features for better candidate prediction. Benchmark's Matt Cohler joined the board. This Series B followed a $7.5 million Series A in 2014 and preceded a $35 million Series C in August 2015 led by Thrive Capital. Between Series B and C, customer count nearly doubled from 450 to 800, and headcount grew from 45 to 125. The CEO stated valuation grew 2.5 times since Series A. |
| Aug 2014 | Series A | Social Capital (lead); Social Starts; Felicis; Resolute Ventures | $8M | Greenhouse Software raised $7.5 million in its Series A funding round in August 2014, led by Social Capital with participation from Felicis Ventures and Resolute Ventures. The funding aimed to increase hiring and market its recruiting software. Social Capital's Mamoon Hamid joined the board. This followed a $2.7 million seed round in November 2013 led by Social+Capital Partnership and Resolute Ventures, with angel investors including Nick Ganju, Seth Goldstein, Thatcher Bell, Thomas Lehrman, and Bill Lohse. The seed funding supported expansion of engineering, sales, marketing teams, and customer onboarding. Greenhouse provides recruiting optimization software to help companies hire top talent efficiently. |
| Nov 2013 | Seed | Resolute Ventures (lead); Social Capital (lead); Nick Ganju; William Lohse; Thatcher Bell; Thomas Lehrman; Seth Goldstein | $2M | - |
| May 2013 | Seed | Paul Appelbaum | $1M | - |
Who has invested in Greenhouse Software?
17 investors have backed Greenhouse Software across its funding rounds, including Social Capital, Resolute Ventures, Felicis, Benchmark, Thrive Capital and FundersClub.
Lead investors include Riverwood Capital, Thrive Capital, Benchmark, Social Capital and Resolute Ventures.
Greenhouse Software Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Nov 2013 | ||
| 3 | Lead | Nov 2013 | ||
| 2 | Participant | Aug 2014 | ||
| 2 | Lead | Mar 2015 | ||
| 1 | Participant | Nov 2013 | ||
| 1 | Participant | Aug 2014 | ||
| 1 | Lead | Jul 2018 | ||
| 1 | Participant | Aug 2015 | ||
| 1 | Participant | May 2013 | ||
| 1 | Participant | Nov 2013 | ||
| 1 | Participant | Mar 2015 | ||
| 1 | Participant | Jul 2018 | ||
| 1 | Participant | Aug 2015 | ||
This data is available for Pro users. Sign up to see all 17 Greenhouse Software investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Greenhouse Software
Greenhouse Software has acquired 3 companies to date.
Last acquisition by Greenhouse Software was on May 4th 2026. Greenhouse Software acquired Ezra AI Labs for undisclosed valuation.
Latest Acquisitions by Greenhouse Software
| Description | The company emerged from stealth in early 2025, with founder Ophir Samson. | Interseller is an outreach automation tool for recruiters. It discovers personal email addresses for candidates and executes personalized email campaigns with CRM integrations. San Francisco-headquartered, Interseller maintains real-time data sync with platforms like LinkedIn and Applicant Tracking Systems to shorten hiring cycles. | Parklet is a San Francisco-headquartered HR software provider focusing on employee engagement tools for tech companies. Its platform tracks perks usage, feedback surveys, and recognition programs at firms like Pinterest and Eventbrite. Integrations with Slack and Okta support offboarding workflows. Launched in 2011, it serves over 100 mid-sized enterprises in California. |
| HQ Country | |||
| HQ City | San Francisco, CA | New York City, NY | San Francisco, CA |
| Deal Date | 4 May 2026 | 28 Oct 2021 | 19 Nov 2015 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Greenhouse Software acquisitions and their M&A valuation multiples. Start Free Trial | |||
Greenhouse Software Competitors
Greenhouse Software competitors include listed companies like Teamshares and Freee, and private ones like Connecteam, Buk, Juicebox and Wrapbook.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $800M | - | ||
| Private | - | - | $850M | - | ||
| Private | - | - | $850M | - | ||
| Private | - | - | $750M | - | ||
| Publicly listed | $472M | ($23M) | $545M | 1.4x | ||
| Publicly listed | $214M | $6M | $1.5B | 4.8x |
Greenhouse Software Public Comps
Greenhouse Software is no longer listed, but its public comps include Teamshares, Nordtech Group, AdvancedAdvT, Beisen Holding, Zaggle Prepaid Ocean, Asure Software, DHI Group, TON Strategy, Freee and ATOSS Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $472M | ($23M) | 1.7x | 1.4x | (35.0x) | 33.2x | |||
| $72M | $15M | 5.1x | - | 25.2x | - | |||
| $72M | $13M | 2.5x | 2.4x | 14.1x | 8.9x | |||
| $165M | $2M | 0.3x | 0.3x | 22.3x | 5.2x | |||
| $199M | $20M | 1.0x | 1.0x | 10.4x | 10.7x | |||
| $141M | $20M | 2.1x | 1.9x | 15.2x | 8.0x | |||
| $128M | $2M | 2.0x | 2.0x | 108.0x | 7.8x | |||
| $13M | ($148M) | 11.0x | 11.0x | (1.0x) | - | |||
This data is available for Pro users. Sign up to see all Greenhouse Software competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Greenhouse Software
| When was Greenhouse Software founded? | Greenhouse Software was founded in 2012. |
| Where is Greenhouse Software headquartered? | Greenhouse Software is headquartered in New York City, NY, United States. |
| Is Greenhouse Software publicly listed? | No, Greenhouse Software was acquired by TPG in January 2021. |
| Who acquired Greenhouse Software? | Greenhouse Software was acquired by TPG in January 2021. |
| How much was Greenhouse Software acquired for? | Greenhouse Software was acquired for $820M in January 2021, a 6.5x revenue multiple. |
| How much funding has Greenhouse Software raised? | Greenhouse Software has raised $109M across 6 funding rounds. |
| What was Greenhouse Software's last funding round? | Greenhouse Software's last funding round was a $50M Series D in July 2018, led by Riverwood Capital. |
| Who are Greenhouse Software's investors? | Greenhouse Software's investors include Social Capital, Resolute Ventures, Felicis, Benchmark, Nick Ganju, Social Starts, Riverwood Capital, Lumia Capital, Paul Appelbaum, William Lohse and 7 others. |
| Which companies are comparable to Greenhouse Software? | Companies comparable to Greenhouse Software include Connecteam, Buk, Juicebox, Wrapbook, Teamshares and Freee. |
| How many companies has Greenhouse Software acquired? | Greenhouse Software has acquired 3 companies, including Ezra AI Labs, Interseller and Parklet. |
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