SmartRecruiters Raises $110M in Series E

SmartRecruiters has successfully raised $110M in a Series E at a $1.5B valuation led by Insight Partners, Mayfield Fund, Rembrandt Venture Partners, Vision Capital, Foundation Capital.

Company Overview

SmartRecruiters is a HR Tech company headquartered in 201 Spear Street, San Francisco, CA 94105, founded in 2010 with 500+ employees.

Talent acquisition platform

Fundraising Details

Amount Raised: $110M
Round Type: Series E
Valuation: $1.5B
Date: 2024-10-17
Investors: Insight Partners, Mayfield Fund, Rembrandt Venture Partners, Vision Capital, Foundation Capital

About SmartRecruiters

Talent acquisition platform The company is positioned in the HR Tech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 201 Spear Street, San Francisco, CA 94105
Founded: 2010
Team Size: 500+
Industry: HR Tech

What This Means

This funding round demonstrates strong investor confidence in SmartRecruiters's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The HR Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. SmartRecruiters's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.5B valuation marks an important milestone for SmartRecruiters, positioning the company among notable players in the HR Tech industry.

Looking Ahead

With this new capital, SmartRecruiters is well-positioned to execute on its growth strategy and continue building innovative solutions in the HR Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-10-17. For more information about SmartRecruiters, visit their headquarters at 201 Spear Street, San Francisco, CA 94105.