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Fountain Raises $100M To Expand Its Applicant Tracking System

Jun 15, 2022•over 3 years ago

Amount Raised

$100 Million

San Francisco

Description

The “Great Resignation,” the trend where workers are leaving their jobs at a higher-than-usual rate, is continuing unabated. According to a May PwC survey, 20% employees said that they’re likely to switch jobs in the next 12 months while some 35% are planning to ask their employers for a raise in the next year. The reasons are myriad — workers list few opportunities for advancement and less-than-stellar benefits among their major complaints. But whatever the cause, the exodus is squeezing the hiring market across industries, from tech to restaurants and retail.

Company Information

Company

Fountain

Location

San Francisco, California, United States

About

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. Learn more at www.fountain.com or connect via Twitter, LinkedIn or the Fountain blog. *As of the date of this press release, SoftBank Group Corp. has made capital contributions to allow investments by SoftBank Vision Fund 2 ("SVF 2") in certain portfolio companies. The information included herein is made for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy limited partnership interests in any fund, including SVF 2. SVF 2 has yet to have an external close, and any potential third-party investors shall receive additional information related to any SVF 2 investments prior to closing.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech