Gem, a San Francisco, California-based recruiting platform, raised $100 million in Series C funding at a $1.2 billion valuation to accelerate its growth.
The round was led by ICONIQ Growth and includes participation from returning investors Greylock and Accel, as well as newcomer Sapphire Ventures and Meritech Capital. The new capital brings the company’s total funding to $148 million.
This new round of capital enables Gem to double down on a few key areas that will extend the value Gem can deliver: Talent Reporting & Insights, Talent Engagement, Talent Marketing, Simpler workflow & Collaboration, and Deeper integration support. And will fuel expansion into new markets.
Company: Gem Software, Inc.
Raised: $100.0M
Round: Series C
Funding Month: September 2021
Lead Investors: ICONIQ Growth
Additional Investors: Greylock, Accel, Sapphire Ventures, and Meritech Capital
Company Website: https://www.gem.com/
Software Category: Recruiting platform
About the Company: Gem is an all-in-one recruiting platform that integrates with LinkedIn, Gmail & Outlook, and your ATS. It enables world-class recruiting teams to find, engage, and nurture top talent. Recruiters use Gem to build lists of people to reach out to, find an email, and automate follow-ups. Gem saves time, doubles response rate, and gives visibility into what’s working. Teams use Gem to collaborate on candidates, discover best practices, and never reach out to the same person twice. Managers unlock visibility into their team’s pipeline because every touchpoint is automatically tracked. And everything syncs to your applicant tracking system with best-in-class data integrity. Gem, currently helping over 800 incredible customers across all industries, including Peloton, Shopify, Cisco Meraki, Hinge Health, MongoDB, and Twilio.
Source: https://techcrunch.com/2021/09/28/recruiting-platform-gem-gains-unicorn-status-with-100m-raise-to-change-the-way-companies-hire/ https://www.gem.com/blog/series-c