ZipRecruiter, Inc. (NYSE:ZIP) is looking for M&A opportunities. David Travers said, "We have a very disciplined 3-tier priority where Tier 1, by far, the most important area that for investment is in organic growth. Obviously, given our bottom line profitability, we look fully funded there.

But to the extent we see the opportunity to invest, we will when we see a high return on investment. Second priority is we see the ability to accelerate, add amazing members of the team and grow capabilities even faster through M&A. That was the core thinking behind our high-yield, $550 million high-yield debt that we took out earlier this year. So we now have $700 million of cash on the balance sheet as of quarter end, and we're very actively looking for M&A opportunities".