What is Fountain?
Fountain develops sophisticated software solutions designed to manage and optimize the large-scale recruitment of employees. Headquartered in San Francisco, California, the company addresses the critical need for efficient and scalable hiring platforms in today's competitive talent market. By leveraging technology, Fountain aims to simplify the complexities associated with onboarding large numbers of new hires, thereby enhancing operational efficiency for its enterprise clients.
How much funding has Fountain raised?
Fountain has raised a total of $133.9M across 5 funding rounds:
Other Financing Round
$1.6M
Other Financing Round
$120K
Series A
$9.1M
Series B
$23M
Series C
$100M
Other Financing Round (2015): $1.7M with participation from Steve Jang, The Thiel Foundation, Chris Hollindale, FundersClub, Slow Ventures, Rough Draft Ventures, Andrew Conrad, Crosslink Capital, Sean Behr, 1517 Fund I, Sherpa Capital, Shawn Tsao, Jason Wang, Ilya Fushman, Commerce Ventures, Andrew Wyatt, Uncork Capital, Mark Goines, and Bastian Lehmann
Other Financing Round (2015): $120K led by Y Combinator
Series A (2017): $9.1M supported by Crosslink Capital, Invariantes Fund, Origin Ventures, Commerce Ventures, Uncork Capital, Y Combinator, and Salesforce Ventures
Series B (2019): $23M featuring DCM Ventures
Series C (2022): $100M backed by Mirae Asset Venture Investment, DCM, B Capital Group, and Softbank Vision Fund
Key Investors in Fountain
B Capital Group
B Capital is a venture capital firm that focuses on empowering entrepreneurs by investing in early and late-stage companies within the Technology, Healthcare, and Climate sectors. With over $8 billion in assets under management and a portfolio comprising more than 190 companies, B Capital aims to support founders throughout the company-building lifecycle.
Softbank Vision Fund
SoftBank Vision Fund is a global investment fund that supports founders in building market-leading companies through its extensive ecosystem and capital resources. The fund focuses on the transformative power of technology, particularly in the AI sector, investing in hardware, infrastructure, and applications that drive innovation.
Salesforce Ventures
Salesforce Ventures is the venture capital arm of Salesforce, investing in enterprise cloud companies that help customers adapt to the digital revolution. They focus on companies that are building the next generation of business applications, often in areas like AI, data analytics, and customer experience.
What's next for Fountain?
With substantial backing from strategic investors, Fountain is poised for accelerated growth and innovation. The company's focus on enterprise-level hiring solutions suggests a strategic direction towards expanding its market reach and enhancing its platform's capabilities. Future developments are likely to center on further integrating AI and automation into its hiring workflows, providing clients with even more powerful tools to attract, vet, and onboard talent. This sustained investment signals strong confidence in Fountain's business model and its potential to redefine the future of corporate recruitment.
See full Fountain company page
