The Muse buys Fairygodboss as roll-up acquisitions come to VC

Not each startup can attain its full potential — or survive — by itself.

Enterprise capital places plenty of emphasis on startups reaching unicorn standing or exiting by way of an IPO, largely as a result of such successes are essential to creating the enterprise mannequin work. However this makes it straightforward to miss the truth that many corporations would see extra success in the event that they had been acquired or mixed with different startups.

Kathryn Minshew, the co-founder and CEO of recruitment and job software market The Muse, began interested by this a 12 months in the past when her startup had been round for a decade. After a 12 months of floating the concept of consolidation to different focused recruitment platforms, her firm, which helps customers discover jobs primarily based on firm tradition and what they worth, made its first acquisition.

The New York-based startup introduced this morning it has acquired Fairygodboss, a recruitment platform geared toward ladies and dealing moms. The acquisition value was undisclosed, and events declined to touch upon it, however a supply accustomed to the transactions stated it was a mixture of money and inventory. Fairygodboss is producing about $10 million in yearly income, which infers the acquisition value was presumably favorable.

Minshew stated this may probably be the primary transaction of many for The Muse as a result of the recruitment tech area is in dire want of consolidation.