Gem has announced that it has raised $100 million in series C funding round at a $1.2B valuation. The round was led by ICONIQ Growth and includes participation from returning investors Greylock and Accel, as well as new investors Sapphire Ventures and Meritech Capital.
According to a statement, as of September 2021, Gem counts over 100 “unicorns” as customers, defined as private businesses valued at $1B or higher. These include companies like Gusto, Sift, and Cockroach Labs.
“We have had our eye on Gem for a long time because the product has helped so many of our business partners hire the people that fuel their growth,” said ICONIQ Growth General Partner Matt Jacobson. “We have heard time and time again that Gem is irreplaceable because of the way it combines talent sourcing, nurture, CRM, and analytics into a complete and modern recruiting suite. For recruiters, we believe it provides massive productivity gains, and for all business leaders, it offers a real-time view of the candidate funnel and how their teams are tracking toward hiring goals.”
In addition to expanding upmarket, the platform will continue investing internationally. Gem is planning to invest more in local points of contact in high-growth regions like Western Europe.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.