# Bullhorn

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bullhorn

- Industry: Software
- Headquarters: Boston, US
- Website: www.bullhorn.com
- Total disclosed funding: $31M
- Latest round: Series D (May 30, 2008)
- Investors on record: 7

## About

Bullhorn, Inc. is a leading provider of cloud-based recruitment and staffing software solutions, enhancing efficiency for staffing agencies and recruitment firms worldwide.Founded in 1999 and headquartered in Boston, US, Bullhorn, Inc. specializes in recruitment software solutions. The company has undergone strategic pivots to enhance its service offerings. Notably, in September 2020, Stone Point Capital acquired a majority stake in Bullhorn, with financial terms undisclosed. The founders include Alex Sejdinaj, Art Papas, Chris Frederick, Harry Hagege, Mark Sceviour, Rafiqur Rony, and Steve Beckitt. The company has raised USD 26.00 mn in its Series D funding, with a total amount raised of USD 26.00 mn and a current valuation of USD 40.00 mn.Bullhorn primarily offers an advanced cloud-based recruitment and staffing software suite, designed to optimize the hiring process for staffing agencies and recruitment firms. The core product, Bullhorn Amplify, is an AI-driven solution that automates repetitive recruitment tasks such as sourcing, screening, and administrative follow-ups, allowing recruiters to focus on building relationships and making placements. Complementing this, Bullhorn's Applicant Tracking System (ATS) and Customer Relationship Management (CRM) systems streamline candidate management and client engagement, enhancing overall operational efficiency. The company's clientele consists of over 10,000 staffing agencies globally, including some of the largest recruitment firms, utilizing these tools to improve hiring processes across sectors such as healthcare, professional services, and industrial operations. Bullhorn's solutions are marketed in multiple regions, including North America, Europe, and the Asia-Pacific, addressing unique staffing challenges faced by agencies in these markets.Bullhorn generated revenue of USD 100,000,000 in the most recent year, primarily through subscription-based models for its software solutions. Clients typically enter annual or monthly subscription agreements for access to the Bullhorn platform, which includes flagship offerings such as the Bullhorn ATS and CRM, as well as AI capabilities provided by Bullhorn Amplify. This B2B structure enables predictable revenue streams as staffing agencies rely on Bullhorn's technology to enhance their recruitment processes and achieve operational outcomes.Looking ahead, Bullhorn plans to enhance its Unified Workforce Management strategy to provide a cohesive candidate experience throughout the recruitment process. The recent funding will support the development of upcoming new products designed to further integrate recruitment functions. Additionally, the company aims to expand its presence into new markets, specifically targeting regions in Europe and the Asia-Pacific by the end of 2023.

## Funding rounds

- Series D, May 30, 2008, $26M — Highland Capital Partners, General Catalyst Partners, GE Asset Management, Elmrock Capital, Austin Investment Management
- Series C, May 9, 2006, $1M — Charter Life Sciences, General Electric Pension Trust
- Series A, Jan 5, 1999, $4M — GE Asset Management

## Investors

- GE Asset Management (https://capitalatlas.ai/funds/ge-asset-management) — Series A, Series D
- Charter Life Sciences (https://capitalatlas.ai/funds/charter-life-sciences) — Series C
- General Electric Pension Trust — Series C
- Highland Capital Partners (https://capitalatlas.ai/funds/highland-capital-partners) — Series D
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series D
- Elmrock Capital — Series D
- Austin Investment Management — Series D