Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to The Muse, a values-based job search and career development platform used by 75 million people annually, in raising a new round of capital. The investment is a result of The Muse’s progressive vision to bring together key players in the future-of-work arena.
The Muse, already a known and loved career destination for tens of millions of Gen Z and Millennial jobseekers, will seek out and acquire other deeply loved brands that attract high-demand job seekers. By incorporating these brands into a broader whole, The Muse will grow their jobseeker offerings and expects to enhance value for employers while creating an easier solution to buy.
As part of this investment, The Muse will continue building out its platform for employers seeking to attract and hire top talent, which is already used by 10% of the Fortune 500. Candidates applying through The Muse are 3X more likely to be hired than candidates applying via legacy platforms, and are also more likely to stay at the companies they join.
“Over the past decade, there’s been a massive rise in start-ups aiming to fix broken hiring processes across the U.S. and global workforce,” says Kathryn Minshew, founder and CEO of The Muse. “As those start-ups have matured, employers have become overwhelmed by the many solutions available to them as they compete to attract consumers who are looking for jobs that are tailored to their unique needs. Today, we’re proud to announce this investment, which we plan to use to continue investing in values-aligned hiring and fund consolidation in the next-gen hiring space.”
“The Muse is well known both in the industry and by young professionals as the leading resource not just for jobs, but for career development,” says Nigel Tse, Senior Vice President and Head of HCM Software at Cascadia. “Kathryn is a thought leader and has been working to solve diversity, equity, & inclusion in the workplace for over a decade. This investment allows the company to continue leading the way in terms of using technology to allow employers to proactively address their hiring goals and initiatives, and also to bring additional properties and career development destinations into the fold as the industry evolves and consolidates.”
The acquisition represents another successful transaction for Cascadia in the HR technology / HCM software sector.
For more information about this transaction, please contact the Cascadia Capital deal team:
Senior Vice President