Greenhouse Nets Major Investment From TPG Growth + The Rise Fund
New York – January 29, 2021 – Cooley advised leading hiring software company Greenhouse on its investment from and partnership with TPG Growth and The Rise Fund to accelerate product innovation, grow into new markets and enhance solutions aimed at accelerating diversity, equity and inclusion in hiring. Partners Adam Dinow and Garth Osterman led the Cooley team advising Greenhouse.
“Winning businesses are built by talented individuals. Yet every day, organizations around the world base their hiring decisions on hunches and without data, perpetuating biases and limiting human potential. We founded Greenhouse to help companies become great at hiring and reduce bias in the hiring process,” Greenhouse CEO Daniel Chait said in a news release. “Through this investment from TPG Growth and The Rise Fund, we gain a partner with the resources and vision to support our growth, and who is totally aligned with our mission. The Rise Fund’s unique focus on real, measurable impact is so exciting because it supports our ability to drive positive outcomes for our customers and for society as a whole.”
TPG Growth is the middle-market and growth equity platform within TPG, a global private investment firm with approximately $85 billion in assets under management. Founded as a part of TPG Growth in 2016, The Rise Fund platform works with growth-stage, high-potential, mission-driven companies that are driving measurable social and environmental impact alongside business performance. As part of the transaction, Greenhouse will expand its board into a diverse, six-person board of directors, including three executives from TPG.
Greenhouse helps businesses become great at hiring through its powerful hiring approach, a large partner ecosystem and a complete suite of software and services. More than 4,000 customers, including HubSpot, Cisco Meraki, Stripe, Intercom and Asana, use the Greenhouse hiring software platform to improve all aspects of hiring, helping them to attract top talent.
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