Workhound has announced the completion of its initial round of funding. The angel round of 100k was led by private investors to fund product and market development. The Workhound.co.uk site launched in the 3rd quarter of 2007 and now lists more than 700,000 recruitment posts. The company is led by Howard Lee, former Head of Internet Operations for TSL Education Ltd.
The core Workhound product is based on the full integration of vertical search with open platforms that self-optimize based upon user demands. This structure allows for the development of custom solutions that provide search data based on format, place and specifications of its users. Workhound is building a robust business around this platform, helping jobseekers to improve and manage their employment searches.
Search marketing in the UK represents 57% of all online advertising, and recruitment advertising is the single largest category, capturing 24% of all search marketing spend, said Lee. This makes recruitment the single best opportunity for online advertising driven companies. With over 1,300 UK sites -- and no public site with more than 5% market share -- this category is ripe for aggregation.
Workhound.co.uk Announced First Round of Funding
The angel round of 100k was led by private investors to fund product and market development
