# Lever

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.lever.co
- Total disclosed funding: $109M
- Latest round: Series D (Nov 1, 2021)
- Investors on record: 7

## About

Lever, Inc. provides AI-driven recruitment software designed to assist hiring teams in various industries, enhancing efficiency through automation and data-driven insights in the recruitment process.Founded in 2012 and headquartered in San Francisco, US, Lever, Inc. focuses on recruitment solutions. In August 2022, it was acquired by Employ Inc., a portfolio company of K1 Investment Management, with the financial terms undisclosed. The CEO is George Moarbes, who has a history of leading innovative companies. The company has completed a Series D funding round, raising a total of USD 50.00 mn, led by Apax Partners, and has a current valuation of USD 494.84 mn.Lever specializes in AI-powered recruitment software designed to support dynamic hiring teams across various industries. Its core product offerings include a comprehensive applicant tracking system (ATS), AI Interview Companion, AI Screening Companion, and AI Sourcing Companion, aimed at streamlining the recruitment process from sourcing candidates to onboarding. These solutions help organizations of all sizes—from scrappy startups to Fortune 100 companies—enhance their hiring efficiency by automating various aspects of recruitment and providing data-driven insights. Lever’s clientele consists of businesses engaged in high-volume hiring or facing unique recruitment challenges, within sectors such as technology, finance, and healthcare. The products are available in North America, Europe, and Asia-Pacific markets, effectively catering to a diverse global customer base looking to optimize their talent acquisition strategies.Lever operates on a subscription-based revenue model, providing its clients with various tiers of access to its suite of recruitment tools. Clients typically enter into contracts that grant them access to Lever's services for a specified period, with pricing structures designed to accommodate organizations of varying sizes and recruitment needs. The transactions primarily occur between Lever and B2B clients, who utilize the software to manage their hiring processes efficiently. Flagship offerings include the AI Interview Companion and AI Screening Companion, which are integral to the client’s recruitment strategy. The details of specific pricing plans for these services align with the features and capabilities they offer, ensuring that clients can tailor their usage to fit their operational requirements.Lever's future strategy includes the development of new products designed to enhance user experience and streamline integration processes. The company aims to expand its presence in Europe and the Asia-Pacific region by the end of 2023, leveraging recent funding from the Series D round to support this expansion. The acquisition by Employ Inc. in August 2022 is expected to provide additional resources and synergies to drive growth.

## Funding rounds

- Series D, Nov 1, 2021, $50M — Apax Partners
- Series C, Jul 19, 2017, $30M — Adams Street Partners, Matrix Partners, Scale Venture Partners
- Series B, Jan 19, 2016, $19M — Index Ventures, Matrix Partners, Scale Venture Partners, Correlation Ventures
- Series A, Oct 2, 2014, $10M — Matrix Partners
- Seed, Jun 1, 2012 — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series A, Series B, Series C
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series B
- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Series B, Series C
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Series B
- Adams Street Partners (https://capitalatlas.ai/funds/adams-street-partners) — Series C
- Apax Partners (https://capitalatlas.ai/funds/apax-partners) — Series D