Total amount raised
$22.8 Millions
Latest funding date
07/01/2021
Location
Dover has successfully raised funds through multiple rounds, with notable investors such as Tiger Global Management and Founders Fund backing the company. The platform offers a comprehensive suite of tools and services designed to help companies attract and hire top talent efficiently.
Keep reading to explore the intricacies of Dover's fundraising journey and the investors supporting this innovative recruiting solution.
What Is Dover?
Dover, founded in 2019, is a recruiting operating system headquartered in San Francisco, California. The company was established by Anvisha Pai, George Carollo, and Max Kolysh.
Operating in the CRM, enterprise software, human resources, recruiting, and software industries, Dover offers a comprehensive suite of tools and services to help companies attract and hire top talent. The company has an employee count ranging from 11 to 50.
Dover's solutions include expert recruiting partners, a free applicant tracking system (ATS), and various sourcing tools, making it a one-stop shop for startups looking to streamline their hiring processes.
How Much Funding Has Dover Raised?
- Seed Round
- Amount Raised: $2.8M
- Date: August 2019
- Lead Investors: Founders Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their recruitment orchestration platform, helping startups streamline their hiring processes.
- Series A
- Amount Raised: $20M
- Date: July 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the recruitment orchestration platform and automate fragmented recruitment processes, allowing recruiters to focus on strategic activities.
Total Amount Raised: $22.8M. Current Valuation: Not publicly disclosed.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a leading investment firm focused on public and private companies in the global Internet, software, consumer, and financial technology industries. They have a strong track record of backing high-growth technology companies.
- Investment Focus Areas: Technology, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Stripe.
- Founders Fund
- Details: Founders Fund is a venture capital firm that invests in companies building revolutionary technologies. They are known for their long-term investment approach and have supported some of the most transformative companies in the tech industry.
- Investment Focus Areas: Technology, aerospace, artificial intelligence.
- Notable Investments: SpaceX, Palantir, Airbnb.
- Abstract Ventures
- Details: Abstract Ventures is an early-stage venture capital firm that invests in innovative technology startups. They focus on providing the necessary resources and support to help startups grow and succeed.
- Investment Focus Areas: Early-stage technology, innovation, startups.
- Notable Investments: Various early-stage startups (specific notable investments not detailed).
- Y Combinator
- Details: Y Combinator is a startup accelerator that has helped launch thousands of companies. They provide seed funding, mentorship, and resources to help startups grow and succeed.
- Investment Focus Areas: Technology, startups, innovation.
- Notable Investments: Dropbox, Airbnb, Reddit.
What's Next for Dover?
Dover stands at the cusp of significant growth opportunities, particularly in streamlining the fragmented recruitment industry. With its innovative orchestration platform, the company can expand beyond the tech sector to other industries facing similar recruitment challenges. This expansion could open doors to a vast market, given the industry's increasing reliance on automation and AI-driven solutions.
Future fundraising appears promising, especially after a successful Series A round led by Tiger Global. As Dover continues to demonstrate market traction and growth, it is likely to attract further investment. However, the company may face challenges from competitors and larger players developing similar tools, necessitating continuous innovation to stay ahead.
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