Findem Raises $30 Million to Accelerate Growth

Talent acquisition platform Findem raised $30 million in a Series B round. Led Four Rivers and Quarry Capital Management, the investment brings the company’s funding to $37.3 million.

The funding will accelerate Findem’s next stage of growth, said CEO Hari kolam. More specifically, the money will allow it to build on the strong performance it saw during 2021, and support its product development efforts. Those include the launch of a new self-service model, which will allow users to post open positions and work with a highly targeted candidate pipeline.

Continued expansion is also a top priority, the company said. It’s planning to expand internationally to assist more global organizations in addressing their hiring needs.

Attribute-Centric AI

Findem, which was launched in 2020, uses AI and contextual logic to emphasize a candidate’s relevance for a given position. The company’s platform indexes and analyzes people data from 100,000 sources and turns them into searchable candidate attributes.

Talent teams can search by these attributes – which include everything from whether an individual has built diverse teams to whether they’re a long-tenured employee — to identify matches across external candidates, internal employees and existing profiles in a company’s ATS.

The platform also includes tools that automate personalized candidate engagement, analyze talent pools, gain labor market intelligence and measure pipeline analytics and talent diversity.

Back in 2020 Findem launched its People Intelligence platform, which offers a data-driven approach to defining, retaining and connecting with talent. The company also closed its Series A funding round of $7.3 million that year.

Among the company’s customers are Google, RingCentral and Medallia. The company said demand driven by the Great Resignation helped it achieve a 500% increase in customer growth last year, along with 8X top-line revenue and a more-than-doubled employee headcount.

By Solomon O.

Solomon is a staff writer for RecruitingDaily and The HCM Technology Report.