SmartRecruiters announced it closed a $110 million Series E round led by Silver Lake Waterman with participation from existing investors Insight Partners, and Mayfield Fund. The new capital brings the company’s total amount raised to $205 million, with a valuation of $1.5 billion.
“As the job market becomes more fluid and dynamic, companies need a competitive advantage when it comes to accessing the best talent,” said Jerome Ternynck, CEO and Founder, SmartRecruiters. “Never before has business success been so dependent on hiring success. When you have the right recruiting platform and the right people, you achieve business success.”
The new funds raised will be used to accelerate product development for SmartRecruiters’ leading talent acquisition suite in the areas of intelligence, automation and conversational interfaces. SmartRecruiters will also continue to expand go-to-market efforts across US, EMEA and APAC, and will provide on-the-ground support for its growing customer community and partner ecosystem.