Jobcase Inc., a career-focused social media platform that aims to be the LinkedIn for workers without college degrees, announced a new capital investment. Providence Strategic Growth acquired a majority stake in the company and Workday Ventures participated as a strategic investment partner.
The investment includes $30 million of primary capital, which will be used to accelerate Jobcase’s product development, member services and employer partnerships. In addition, Jobcase is joining the Workday Software Partner Program.
The funding will transition controlling ownership of the company to PSG (which was the lead investor in a $100 million growth equity funding round for Jobcase in February 2019), Workday Ventures and existing investor Savano Capital Partners; long-time shareholder Link Ventures will exit.
The investment and partnerships will also support Jobcase’s recently released features including virtual hiring events and an onsite unemployment resource center.
Jobcase counts more than 110 million registered members and 20 million monthly active unique users. The company was profiled earlier this year in a Staffing Industry Review magazine article written by John Nurthen, director of global research at SIA. It noted the company had raised $118.5 million in equity capital since February 2018.