Gem, a software platform for modern recruiting, today announced it has raised a $37 million Series B investment led by Greylock with participation from existing investor Accel, to double down on product innovation. This brings the total capital raised by Gem to $48 million. Gem is also launching Diversity Analytics, a new feature aimed at helping companies build diverse teams by giving them unparalleled visibility into the hiring funnel.
“With Gem, our customers can build relationships with talent, ultimately filling open roles faster. The strong word-of-mouth growth among recruiters helped contribute to 4X revenue growth in 2019, and our best quarter yet in 2020,” said Steve Bartel, Co-Founder and CEO of Gem. “With this latest investment, we’re thrilled to continue expanding Gem’s product to help our customers meet their hiring goals, including through our newest feature, Diversity Analytics.”
Gem’s CRM gives talent acquisition leaders data about their teams’ performance, allowing them to better plan for, and achieve, their hiring objectives. With Pipeline Analytics, teams can measure things like time-to-hire for a particular role in a specific geography, or understand how many candidates they need in every stage of the funnel in order to meet their hiring goals.
Read more: Gem Raises $37 Million