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Venture Capital News: Fountain Nabs $85M Series C Round

2021-11-05
SAN FRANCISCO, CA, Fountain, the world's leading all-in-one applicant tracking system for high volume hiring, announced $85 million in Series C financing.
The round was 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. This new round follows strong company momentum in 2021 as revenue grew 220% year-over-year. Fountain now has more than 250 customers including Chipotle Mexican Grill, John Lewis & Partners and Just Eat Takeaway. With the Series C, Fountain has now raised $119 million to date. 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.

Fountain's all-in-one high volume hiring platform empowers the world's leading enterprises to find and hire the right people through smart, fast and seamless recruiting. Candidates can apply anytime, anywhere in minutes, right from their phone. Automated and customizable processes streamline the candidate experience and save time for recruitment teams so they can scale with growing hiring needs. Advanced analytics provide end-to-end process visibility so managers can make swift, data-driven decisions. Throughout the candidate journey the openly integrated platform enables companies to find, qualify and convert more applicants. Fountain's global customers hire over 2 million workers annually in 78 countries.
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