Fountain lands $100 million in Series C funding led by B Capital Group
Hiring platform Fountain has announced the raising of the latest funding of $100 million in a Series C funding round eyeing global expansion and forays in India. Led by B Capital Group, the round was also joined by SoftBank, Mirae Asset Venture Investment, DCM, Origin Ventures, Commerce Ventures, SemperVirens Venture Capital, Uncork Capital, and others.
The US-based firm was founded by Keith Ryu, Sean Behrs, and Jeremy Cai in 2015.
The latest funding takes the total capital to $185 million. The cash injection will fuel the company’s global expansion, especially in India, and allow it to accelerate its offerings which include automated sourcing, candidate experience, unique insights and analytics, and efficient recruiting tools.
“We are excited to serve the Indian market in the high-volume hiring space. Hiring is a global challenge not only for businesses, but for applicants as well, and Fountain is determined to address it from both angles. Finding a job should be easy for anyone, and with this additional funding, Fountain can continue to positively impact the global workforce from end to end,” said Sean Behr, CEO of Fountain.
While strengthening its presence globally, the all-in-one hiring platform will now enable companies to find and hire the right people faster in India, where the majority of the 500 million workforces is composed of blue- and gray-collar workers. Fountain plans to update the system by bringing its world-class, mobile-first, automated, high-volume hiring solution to India.
“We at Fountain are determined to support the Indian market for blue and grey-collar work. We will cater to leading companies and meet their needs of high volume hiring by not only enabling the enterprises to locate the right individuals for seamless recruiting but also helping candidates apply from their phones at any time and from any location,” said Om Prakash Muppirala, VP, Engineering & Head, Fountain India.
Currently, the Fountain team comprises more than 230 people working across the globe, including the US, UK, Spain, India, and New Zealand. The funding will allow Fountain to shore up its capabilities to empower hiring managers with more unique insights and analytics to make data-informed decisions around their recruiting and hiring efforts.