# Terminal

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

- Industry: Outsourcing
- Headquarters: San Francisco, US
- Website: www.terminal.io
- Total disclosed funding: $27M
- Latest round: Series A (Sep 19, 2019)
- Investors on record: 8

## About

Terminal, Inc. is a talent platform focused on connecting businesses with remote software developers, enabling expedited hiring and access to top-tier talent from global markets.Founded in 2017, Terminal, Inc. is based in San Francisco, US, and specializes in the recruitment of remote software developers. The company has undergone significant growth since its inception and has secured funding through 4 deals, with the most recent being a Series A round on September 19, 2019, raising USD 17.31 mn led by 8VC. The founders include Andrew Dudum, Dylan Serota, Fernando Icazbalceta, and Luke F, while Clay Kellogg serves as one of the CEOs.Terminal.io operates as a talent platform specializing in the recruitment of remote software developers for full-time and contract roles. The company provides businesses with access to a global pool of top-tier software engineers who have been thoroughly vetted, with only the top 7% passing their stringent screening process. Terminal aims to streamline the hiring process by leveraging an always-on candidate pipeline, allowing for expedited hiring—reported to be 35% faster than traditional domestic recruiting methods. The platform serves various markets, including Canada, Latin America, and Europe, catering to industries such as consumer goods, eCommerce, fintech, healthcare, and SaaS. By employing managed HR solutions, payroll, and benefits administration, Terminal supports both businesses looking to hire talent and software engineers seeking employment, fostering a mutually beneficial ecosystem.Terminal generates revenue through a B2B model by facilitating partnerships between employers and remote developers. The transaction structure involves businesses engaging Terminal's services to hire vetted software engineers, with pricing plans typically aligned with the level of service and the nature of the engagement—whether full-time or contract. This model encompasses seamless onboarding, managed HR functions, and compliance support, adding value to clients while optimizing the hiring process. Clients benefit from a 14-day risk-free guarantee to assess the quality of the hired talent, establishing a framework for ongoing collaborations. The company’s commitment to empowering remote work aligns with the growing demand for flexible staffing solutions across various sectors.Terminal, Inc. plans to leverage its recent Series A funding of USD 17.31 mn raised in September 2019 to enhance its services and expand its market reach. The company is focused on developing new product offerings aimed at improving the recruitment process for remote software developers. Additionally, Terminal has plans for geographic expansion into new regions, specifically targeting markets in Europe and Asia by 2023. The funding will support these initiatives, allowing Terminal to enhance its talent pool and streamline operational efficiencies.

## Funding rounds

- Series A, Sep 19, 2019, $17M — Kleiner Perkins, Lightspeed Venture Partners, Cathay Capital, Cherubic Ventures, 8VC, Atomic Management, Craft Ventures
- Series A, May 22, 2018, $10M — Kleiner Perkins, Lightspeed Venture Partners, Valar, Atomic Management, Craft Ventures
- Seed, Jun 29, 2017 — Cherubic Ventures

## Investors

- Cherubic Ventures (https://capitalatlas.ai/funds/cherubic-ventures) — Seed, Series A
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A
- Valar (https://capitalatlas.ai/funds/valar) — Series A
- Atomic Management (https://capitalatlas.ai/funds/atomic-management) — Series A
- Craft Ventures (https://capitalatlas.ai/funds/craft-ventures) — Series A
- Cathay Capital — Series A
- 8VC (https://capitalatlas.ai/funds/8vc) — Series A