Gem has announced that it has raised $100 million in series C funding round at a $1.2B valuation. The round was led by ICONIQ Growth and includes participation from returning investors Greylock and Accel, as well as new investors Sapphire Ventures and Meritech Capital.
“You used to be able to measure the value of a company by its factories, raw materials and goods, but today, that is measured in people,” co-founder Steve Bartel said. “Companies are competing harder than ever for top talent, and our vision is to be ‘Salesforce for hiring.’ ” “We help customers hire the people they need up to five times faster,” Nick Bushak said. “By providing the analytics that track the end-to-end process and track diversity, we can identify if there is any bias or drop-off during the interview process.”
Gem is seeing adoption from large enterprises and is looking at an international expansion in the next year in Western Europe and parts of Asia Pacific. It intends to use the new funding to expand into new markets and on sales and marketing. It has already doubled employees in the first six months of 2021.
Announcement: Gem Raises $100M to Transform How Companies Hire