Lever raises $20M to compete with Greenhouse, Workable

Ronny Kerr · January 27, 2016 · Short URL: https://vator.tv/n/42f9

Next-generation recruiting software boasts big-name tech customers Netflix, Lyft, and others

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.

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Ronny Kerr

I am a professional writer with a decade of experience in the technology industry. At VatorNews, I cover the zero-waste economy, venture capital, and cannabis. I'm also available for freelance hire.

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Scale Venture Partners chooses markets for investment based on our insights into trends drawn from primary research with incumbents, customers, competitors and our network of experts. We select companies we think are going after something great.

Our investment strategy makes "scale" relevant to you for two reasons. We operate in markets where you can create large scale success. We work side by side with you to help scale your business to reach its market potential.

Most of our investments are mid to late stage, when the software is being used, the chip is in the fab, and the therapy is being tested on humans. It may still feel early to you. You may be just starting to build out your go-to-market team. It's at this stage that our own practical operating experience drives the best rewards.