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Rupert Murdoch invests $13.5 million in job search engine

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MUMBAI: Rupert Murdoch's Fox Interactive Media and venture capital firm Foundation Capital have invested $13.5 million in Simply Hired, which is a search engine for jobs. The financing brings the company's total funding to $17.7 million. Representatives from both Foundation Capital and Fox Interactive Media will join the company's board of directors.

"Fox Interactive Media's growth strategy is to strategically partner or acquire category leaders and technology innovators that broaden or enrich our users' experience. Our investment in Simply Hired underscores that approach and we look forward to working with them to power job search for a variety of properties on our network," said Fox Interactive Media president Ross Levinsohn.

Joining Fox Interactive Media in this investment is Foundation Capital, which has been behind numerous successful internet ventures, including Netflix and Netzero. "As the general search space has matured, we see vertical search as the next big opportunity. The entrepreneurs behind Simply Hired have demonstrated their ability to build a successful Internet business. They're clearly on the right track with this venture as well. Both Foundation Capital and Fox Interactive Media have recognized an opportunity to create a significant business here," said Foundation Capital general partner Paul Holland.

"Simply Hired has created the most simple, effective job search experience on the planet. Fox Interactive Media are focused on developing an Internet presence that offers a deeper, richer online experience for its millions of passionate users. With the operational expertise of the team at Foundation Capital and the global presence of News Corporation, we will create a world class job search experience for a large audience," said Simply Hired CEO Gautam Godhwani.

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