Tech Report: Appcast Raised Another $5 Million in Funding

Appcast, a pay-per-applicant job ad exchange in Lebanon, received $5 million in new funding in November. Point Judith Capital led the round with participation by IrishAngels and Baird Capital.

Appcast has raised $7.4 million to date. The new capital will be used to expand the company’s sales, marketing and product development efforts.

Founded by CEO Chris Forman in 2014, Appcast uses a pay-per-applicant model for companies advertising jobs. They are only charged when job candidates apply to their positions, rather than paying on a per-click or posting basis. The app uses a network of more than 6,000 job sites to promote jobs with no fees or long-term contracts to use the software. It counts Disney, FedEx, PayPal, CitiBank and Comcast among its customers. In addition to employers, Appcast provides services for agencies and job boards to better manage their recruitment media from one centralized platform and provides job publishers access to hundreds of thousands of sponsored employer jobs.