Lever, a SaaS-based recruiting platform, is announcing tomorrow that it has secured $20 million in Series B funding led by Scale Venture Partners.
Coincidentally, ScaleVP, a big investor in enterprise software providers (like Lever, Box, DocuSign, and HubSpot), just closed $335 million for its Scale Venture Partners V, L.P..
Also participating in Lever’s new round are existing investors Matrix Partners and Index Ventures as well as new investors Correlation Ventures and a syndicate led by Naval Ravikant (CEO and co-founder of AngelList). To date, the company has raised $32.8 million.
Part of a growing tide of companies aiming (and largely succeeding) at fixing an archaic recruiting process, Lever offers a collaborative one-stop shop for the entire recruiting process. From building a company-branded jobs site to reporting and recruiting metrics, Lever wants to do it all.
The product sources candidates from GitHub and other sites, accepts resumes from email inboxes (for employee referrals), syncs with email communications regarding interview feedback, syncs interview schedules to Gmail and Outlook, and builds scorecards for interviews. If it’s anything like other modern recruiting software, it goes a long way toward smoothing out what can be an arduous process of coordinating large groups people and hectic schedules.
Lever says its recruiting software is already used by over 700 companies, including well-known technology companies Netflix, Lyft, Eventbrite, Reddit, Quora, and Zuora.
“Even with top-tier engineering candidates, we have closed candidates as quickly as ten days from start to finish,” said Ron Storn, VP of People at Lyft, in a case study on Lever’s website.
This sentiment was echoed by Lyft’s head of mobile, Sebastian Brannstrom: “There is no way we would have been able to scale hiring to the machine it’s become without using Lever.”
Heavyweight competitors in the space (aside from the legacy incumbents) include Workable and Greenhouse Software, and both are as well-funded as Lever. Last August, Greenhouse closed a $35 million Series C round led by Thrive Capital (pushing its total raised over $60 million) and, in September, Workable raised a $27 million Series B led by Balderton Capital (pushing its total raised over $34 million).
As with Lever, Greenhouse works with several big-name companies in the tech space, including Pinterest, Airbnb, Vimeo, and Evernote. Workable’s clients appear to be a little less high-profile.
In addition to keeping up with the Joneses, Lever will use its new funding for product development, sales, and marketing.
