Total amount raised
$37.3 Millions
Latest funding date
12/01/2021
Location
Findem has successfully raised multiple rounds of funding, with the latest being a Series B round. The platform leverages AI and 3D data to streamline talent acquisition processes, offering tools like Talent CRM and Sourcing Analytics.
Keep reading to explore the intricacies of Findem's fundraising journey and the investors backing this innovative platform.
What Is Findem?
Findem, founded in 2019 by Hariharan Kolam and Raghu Venkat, is based in Redwood City, California. The company specializes in AI-driven talent acquisition solutions, leveraging 3D data to enhance recruitment processes. With a team of 101-250 employees, Findem integrates sourcing, CRM, and analytics into one platform to help companies plan, hire, and manage talent more effectively.
How Much Funding Has Findem Raised?
- Series A
- Amount Raised: $7.3M
- Date: October 2020
- Lead Investors: Wing Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the growth and development of Findem's People Intelligence platform.
- Series B
- Amount Raised: $30M
- Date: December 2021
- Lead Investors: Four Rivers Group, Quarry
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at expanding their Talent Data Cloud platform, enhancing AI capabilities, and scaling operations.
Total Amount Raised: $37.3M. Current Valuation: Not publicly disclosed.
Key Investors
The major investors in Findem are:
- Four Rivers Group
- Details: Four Rivers Group is a venture capital firm known for its strategic investments in technology and innovation. The firm has a reputation for supporting early-stage companies with high growth potential.
- Investment Focus Areas: Technology, innovation, early-stage companies.
- Notable Investments: Not publicly disclosed.
- Quarry
- Details: Quarry is an investment firm that focuses on providing capital to companies in various sectors. The firm is recognized for its hands-on approach in helping portfolio companies scale and succeed.
- Investment Focus Areas: Various sectors, scaling companies, hands-on support.
- Notable Investments: Not publicly disclosed.
- Wing Venture Capital
- Details: Wing Venture Capital is a venture capital firm that led the Series A funding round for Findem. Gaurav Garg, a founding partner of Wing Venture Capital, joined Findem's board as part of the investment.
- Investment Focus Areas: Enterprise technology, data analytics, artificial intelligence.
- Notable Investments: Not publicly disclosed.
Note: The information requested about notable investments and specific details for some investors was not found in the provided sources.
What's Next for Findem?
Findem stands at the cusp of significant growth opportunities, driven by its innovative AI-driven talent acquisition platform. The company's ability to mine data from both public sources and internal HR systems positions it well to meet the increasing demand for data-driven HR solutions. With tools like Atlas and Compass, Findem can help businesses make strategic, data-driven decisions about their workforce.
Future fundraising opportunities seem promising, especially given the successful Series A round led by Wing Venture Capital. The involvement of prominent investors suggests that Findem could attract additional investments to further enhance its platform and expand its market reach. However, the company may face challenges such as competition from other HR analytics platforms and the need to ensure data accuracy and privacy.
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