Fountain, the world’s leading all-in-one applicant tracking system for high volume hiring, today announced $85 million in Series C financing, led by SoftBank Vision Fund 2* with participation from B Capital Group and Mirae Asset Venture Investment, and existing investors DCM, Origin Ventures, Commerce Ventures, SemperVirens Venture Capital and Uncork Capital.
“Many companies are struggling to hire hourly workers, which number around 82 million and represent more than half of all wage and salary workers in the US alone,” said Sean Behr, CEO of Fountain. “Fountain’s solutions have enabled businesses to make more than two million hires so far in 2021 by simplifying, optimizing and automating as much of the candidate journey as possible to decrease time-to-hire.”
Fountain’s mission is to open opportunities for the global hourly workforce by helping employers with high volume hiring needs, find and hire the right people in a smart, fast and seamless manner. Fountain has helped companies process over 16 million applicants in the past 12 months alone, and helped hire more than 2 million so far in 2021.
Fountain will use the new funding to continue to invest in innovation of its hiring platform, as well as to grow its sales and engineering teams and its operations and presence in EMEA and APAC regions.