Total amount raised
$92.6 Millions
Latest funding date
Location
iCIMS has successfully raised significant funding over multiple rounds, establishing itself as a key player in the recruiting software industry. The platform offers a comprehensive suite of tools for applicant tracking, candidate engagement, employer branding, and AI-driven talent acquisition.
Keep reading to explore the intricacies of iCIMS's fundraising journey and the investors backing this innovative platform.
What Is iCIMS?
Unfortunately, the requested information about iCIMS's founding year, location, founders' names, and number of employees was not found in the provided sources. The Crunchbase URL led to a security verification page, and the company website did not include these specific details.
iCIMS is a company that provides a comprehensive recruiting software platform designed to streamline the hiring process for businesses. The platform includes various tools and features to help companies attract, engage, and hire top talent efficiently.
iCIMS offers a range of products and solutions focused on different aspects of talent acquisition, including an enterprise applicant tracking system, tools for building automated sourcing and nurture campaigns, solutions for employer branding, AI-driven tools, and seamless integrations with other platforms.
How Much Funding Has iCIMS Raised?
- Private Equity Round
- Amount Raised: Not disclosed
- Date: May 2022
- Lead Investors: TA Associates, Vista Equity Partners
- Valuation at Round: Approximately $3 billion, including debt
- Motivation Behind the Round: To partner with TA Associates to navigate market uncertainties and continue pursuing the company's vision of being a comprehensive solution for talent acquisition and hiring.
- Venture Round
- Amount Raised: $56.7 million
- Date: October 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's product offerings and scale its operations to meet growing market demand.
- Venture Round
- Amount Raised: $35 million
- Date: January 2012
- Lead Investors: Susquehanna Growth Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in new technology to enhance the platform's capabilities.
- Venture Round
- Amount Raised: $851,000
- Date: January 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage development and initial market entry.
Total Amount Raised: $92.551 million
Current Valuation: Approximately $3 billion, including debt
Key Investors
- TA Associates
- Details: TA Associates is a U.S. private equity firm that recently invested in iCIMS, acquiring an equal stake alongside Vista Equity Partners. The firm focuses on investing in profitable growth companies across various sectors.
- Investment Focus Areas: Technology, healthcare, financial services, consumer, business services
- Notable Investments: Not publicly disclosed
- Vista Equity Partners
- Details: Vista Equity Partners is a private equity firm that acquired a majority stake in iCIMS in 2018, valuing the company at $1.2 billion at that time. Vista recently sold part of its stake to TA Associates.
- Investment Focus Areas: Software, data, technology-enabled businesses
- Notable Investments: Datto
- Susquehanna Growth Equity
- Details: Susquehanna Growth Equity is a private equity firm that invested in iCIMS during a venture round in January 2012. The firm focuses on growth-stage companies.
- Investment Focus Areas: Technology, financial services, healthcare
- Notable Investments: Not publicly disclosed
Unfortunately, the requested information about other major investors in iCIMS, their details, investment focus areas, and notable investments was not found in the provided sources.
What's Next for iCIMS?
iCIMS stands at the cusp of significant growth opportunities, driven by the increasing demand for remote working technology and diversity-focused hiring solutions. With fresh capital from TA Associates and a valuation of approximately $3 billion, the company is well-positioned to expand its market share and enhance its product offerings.
Future fundraising opportunities are promising, with potential for additional private equity investments or a revisit to the IPO market when conditions improve. However, iCIMS must navigate market uncertainties and fierce competition from other recruitment software providers to maintain its growth trajectory.
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