Menlo Park-Based Menlo Ventures Leads $13 Million Round for Market10

Menlo Park, Calif. -- Menlo Ventures, a Menlo Park-based venture capital firm focused on technology, has led a new $13 million funding round for Virginia-based Market10, an online job marketplace founded by Rob McGovern, the founder and former chairman of CareerBuilder. New Enterprise Associates also participated in the company's second round. McGovern said that the financing will allow Market10 to expand into new markets. The company's technology is designed to match the strength, experience and knowledge of qualified candidates with job openings. Market10 on Monday also named Rich Ellinger, a 15-year Silicon Valley technology veteran, as its CTO. Ellinger most recently served as a the vice president of engineering at Redwood Shores-based Saba, a company he co-founded.
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