A blog post by Gem’s CEO and co-founder Steve Bartel reported a $100 million Series C fundraising round for Gem, the company which specializes in recruitment software. The Startup is valued at $1.2 billion, based on the report.
According to research, just 30 percent of people are actively seeking for a new job, and only 42 percent of applicants match the minimal credentials for the position for which they are being considered.
When it comes to attracting and hiring the people they require, Gem can help firms do it up to five times faster — at scale and in a predictable manner.
It is possible to streamline sourcing work on social media sites such as LinkedIn or Twitter while also creating talent pools that sync with their applicant tracking system (ATS), nurturing passive candidates with personalized messages, and leveraging data analytics to optimize all aspects of recruiting operations.
Gem recruitment software is presently assisting over 800 exceptional customers from a wide range of sectors, including Peloton, Shopify, Cisco Meraki, Hinge Health, MongoDB, and Twilio, among many others.
Iconiq Growth led the Series C fundraising round, which also included Greylock and Accel as returning investors.
Sapphire Ventures and Meritech Capital, two new investors, were also present.
The funding will be used for deeper investments in product innovation such as talent reporting and insights, talent engagement, talent marketing and deeper integration support.
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