Lever (company)

Lever
Founded 2012 (2012)
Founders Sarah Nahm, Nate Smith, and Randal Truong
Headquarters San Francisco, CA
Website www.lever.co

Lever is an US-based software company headquartered in San Francisco, California that provides an applicant tracking system for hiring. It was founded in 2012 by Sarah Nahm, Nate Smith, and Randal Truong.

Lever raised $2.8 million in a seed round in September 2012, $10 million in its Series A round in October 2014 and a further $20 million in its Series B round in January 2016. In July 2017, Lever raised $40 million in July 2017, bringing their total funding to $70 million.[1] It is backed by an advisory board which includes Aaron Levie, CEO of Box, Marissa Mayer, CEO of Yahoo!, and Jeremy Stoppelman, CEO of Yelp. [2]

History

Smith, who graduated Olin College of Engineering in 2007 and worked previously as a product manager at Google, began Lever in 2012. He spent a year building a real-time web framework, Derbyjs.com. He applied and was accepted into Y Combinator with the goal of applying this framework to the ubiquitous problem of scaling talent. [3]

Smith connected with Nahm and Truong through Stanford University and Google networks. All three had previously worked at technology companies.[4][5]

Nahm, who received a BS in engineering and product design from Stanford University, joined Google as Marissa Mayer's speechwriter and led the growth of the Chrome browser from launch to over 150M active users.[6]

In September 2012, Lever raised $2.8 million in a seed round led by SV Angel. Other investors include Marissa Mayer (CEO of Yahoo!), Aaron Levie (CEO and co-founder of Box), Jeremy Stoppelman (CEO and co-founder of Yelp), and Y Combinator.[3]

In October 2014, Lever raised $10 million in its series A round led by Matrix Partners. Matrix Partner's Dana Stalder joined the board. Other investors include SV Angel, Redpoint, Index Ventures, Y Combinator, and Khosla general partners Keith Rabois and Ben Ling. [7]

In July 2017, Lever raised an additional $40 million in its Series C led by Adams Street Partners, with additional investment from Matrix Partners, Scale Venture Partners and Top Tier Capital Partners. Stacey Bishop of Scale Venture Partners joined Lever's board.[8]

As of September 2015, minorities represented 49% of Lever’s workforce.[9] The company has a 43% female leadership team, (including a female CEO), 47% female people managers, and a 50:50 gender ratio. [10]

Software

Lever offers a Talent Acquisition Suite designed to help companies manage candidates through the entire hiring process. [11] The Lever Talent Acquisition Suite includes Lever Nurture, Lever Hire, and Lever Analytics. Features include a browser extension for sourcing, bulk emailing capabilities, archiving or tagging candidates, and email scheduling. Visual reporting tools allow recruiters, managers, and executives to track their progress on recruiting goals.[12]

Customers

As of May 2016, Lever claimed to have over 1,000 customers [13] including Netflix,[14] Lyft, [7] Eventbrite, [14] Yelp, [9] Quora, [7] Coursera, Cirque du Soleil, and Shopify [15]

Awards and recognition

References

  1. ↑ Feldman, Amy. "Recruiting Software Firm Lever Raises $30M For Effort To Transform Hiring". Forbes. Retrieved 2017-08-11.
  2. ↑ Desmarais, Christina (2015-05-27). "5 Remarkably Smart Tactics for Finding Top Talent". Inc. Retrieved 2016-01-13.
  3. 1 2 Smith, Danielle (2014-01-17). "The Entrepreneurs Behind Lever's Hiring Software". HR & Talent Management. Retrieved 2016-01-13.
  4. ↑ Levine, Barry (2014-10-02). "Looking to fix hiring, Lever launches platform while nabbing $10M". VentureBeat. Retrieved 2016-01-13.
  5. ↑ Petrone, Paul (2015-09-10). "Meet the 10 Professionals Under 35 Who Are Changing Recruiting and HR". LinkedIn Talent Solutions. Retrieved 2016-01-14.
  6. ↑ "This ex-Googler just got another $30 million to help companies with the 'art and science' of hiring exactly who they want". Business Insider. Retrieved 2017-08-11.
  7. 1 2 3 Cutler, Kim-Mai (2014-10-02). "Lever Raises $10M From Matrix To Build An All-Encompassing Human Resources And Hiring Platform". TechCrunch. Retrieved 2016-01-13.
  8. ↑ "Jul 19, 2017: Lever - Funding Round - Series C | crunchbase". www.crunchbase.com. Retrieved 2017-08-11.
  9. 1 2 Nahm, Sarah (2015-09-21). "When it comes to diversity in tech, look to small companies for leadership". USA Today. Retrieved 2016-01-13.
  10. ↑ "Lever Reaches Diversity Milestone With Appointment of CFO Eileen Treanor". Yahoo. 2016-03-18. Retrieved 2016-10-17.
  11. ↑ Globalnewswire (2016-10-04). "Lever Recognized as Top HR Technology Brand at 2016 InfluenceHR Awards". Global News Wire. Retrieved 2016-10-18.
  12. ↑ Globalnewswire (2016-10-05). "Lever Talent Intelligence Makes Talent Analytics Accessible to Executives and Recruiting Teams Alike, Helps Companies Build a Proactive Talent Strategy". Global News Wire. Retrieved 2016-10-18.
  13. ↑ Nahm, Sarah (2016-05-17). "Going Beyond “Applicant Tracking”: 6 Reminders That Hiring is Human". LinkedIn. Retrieved 2016-10-17.
  14. 1 2 Raphael, Todd (2015-10-27). "I Overheard It At The Fall 2015 ERE Recruiting Conference In Atlanta". ERE Media. Retrieved 2016-01-14.
  15. 1 2 Charney, Matt (2015-10-17). "The Top 15 HR Technologies And Recruiting Tools of 2015: The Final Countdown". Recruiting Daily. Retrieved 2016-01-14.
  16. ↑ glarocque (2015-10-07). "Talent Acquisition Is Being Disrupted". #HRWins. Retrieved 2016-01-14.
  17. ↑ Kosinski, Matthew (2016-01-29). "Top 10: Hiring Software Solutions for Small Businesses and Startups". Retrieved 2016-10-18.
  18. ↑ Carson, Biz (2016-02-18). "The 25 hottest San Francisco startups to watch in 2016". Retrieved 2016-10-18.
  19. ↑ Charney, Matt (2016-10-18). "The Top 15 HR Technologies And Recruiting Tools of 2016". Retrieved 2016-10-18.
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