Hi there, Welcome to this monthâs edition of Inside Hiring Success, our deep dive into the talent acquisition industry news and recruiting views that recruiting and hiring leaders need to know. Although many of us are taking a well-earned vacation, or at least we hope you are, this month SmartRecruiters reached a massive milestone â a new funding round, and a valuation of $1.5 billion. This makes SmartRecruiters the newest unicorn in HR tech. Thatâs not the only major announcement we made this month. As we continue on our mission to connect people to jobs, we also announced a refreshed candidate portal. Read more about this exciting product update below. We hope you don't mind if we use this monthâs issue of Inside Hiring Success to give all you the details of our plans for the new funding and to share some other amazing developments. Quote of the Month:âNever before has business success been so dependent on Hiring Success. When you have the right recruiting platform and the right people, you achieve business success.â - says [Jerome Ternynck, CEO of SmartRecruiters]() Marketing Manager
SmartRecruiters IN THE NEWS SmartRecruiters Reaches Unicorn Status
July 20th, 2021 was a momentous day for every person at SmartRecruiters. Across the internet, the big news broke that SmartRecruiters, the Hiring Success company, announced it closed a $110 million Series E round led by Silver Lake Waterman, with participation from existing investors Insight Partners and Mayfield Fund. The new capital brings the companyâs total amount raised to $205 million, with a valuation of $1.5B to deliver Hiring Success to global enterprises around the world. What will the funds be used for? - Product Development: The funds will be used to accelerate product development with the addition of 200 engineers as the company continues to innovate in the areas of recruitment process automation, onboarding, conversational intelligence, recruitment marketing, and delivering Hiring Success.
- Expand go-to-market efforts: SmartRecruiters will also continue to expand go-to-market efforts across the US, EMEA, and APAC, and will provide on-the-ground support for its growing customer community and partner ecosystem.
âHiring talent and building human capital is more complex and important than ever, and SmartRecruiters is well positioned to help companies attract and land top talent,â said Shawn OâNeill, Managing Director and Group Head, Silver Lake Waterman. âTheir scale and customer growth are testament to their strong leadership and industry leading platform. We are excited to help fuel SmartRecruitersâ next growth chapter.â Read an open letter from our Founder and CEO, Jerome Terynck, as he reflects on the funding round and what it means for customers and the future.
[READ]() SPECIAL ANNOUNCEMENT The Job Search Just Got Smartr
The equivalent of 225 million full time jobs were lost in 2020, and we saw applicant volume skyrocket on the platform. Our response? We started to invest more in the candidate portal to improve overall experience. By extension, we expect more robust candidate profiles, which will lead to fresher and more accurate information you can rely on. We also expect more candidates to track their application statuses, which will lead to higher engagement for your brand. This has culminated in the unveiling of Smartr, released on July 14. Smartr represents the next generation of our candidate portal, where the entire user experience and interface has been refreshed. With updated features to help candidates build a robust profile and manage applications, Smartr helps to get people hired more efficiently. If you live and breathe talent acquisition, like us, you must be excited about getting the world back to work. Smartr accelerates the ability for all of us to connect people to jobs more efficiently.
[GET SMARTR]() TWEET OF THE MONTH [SEE TWEET]() AND NOW, A WORD FROM OUR SPONSORS SmartRecruiters has been making some news of our own this month. Here are the headlines you may have missed from life on Planet Smars. - [Fosway Group Recognizes SmartRecruiters As A Strategic Leader In Talent Acquisition]()
- [SmartRecruiters Celebrates Pride Month]()
- [SmartRecruiters Appoints Bob Memmer as Chief Revenue Officer]()
- [SmartRecruiters Announces Strategic Partnership With Cielo]() Want more new stuff from SmartRecruiters? Click [here]() to schedule a demo of our award-winning Talent Acquisition Suite and see what the future of recruiting really looks like. [SmartRecruiters]()
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