Lever (company)
Lever is a 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.
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Founded | 2012 |
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Founders | Sarah Nahm, Nate Smith, and Randal Truong |
Headquarters | San Francisco, CA |
Website | www |
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, 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]
In March 2017, Lever named Mike Bailen as its first Vice President.[11]
Software
Lever offers a Talent Acquisition Suite designed to help companies manage candidates through the entire hiring process.[12] 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.[13]
Customers
As of May 2016, Lever claimed to have over 1,000 customers [14] including Netflix,[15]Eventbrite,[15] Yelp,[9] Quora,[7] Coursera, Cirque du Soleil, and Shopify [16]
Awards and recognition
- Named one of the "Top 10 HR Technologies and Recruiting Tools of 2015" by Recruiting Daily.com [16]
- Listed as one of the "Top HR Companies to Watch for Talent Acquisition" by #HRwins [17]
- Named to "Top 10: Hiring Software Solutions for Small Businesses and Startups" by Recruiter.com [18]
- Included in Businessinsider.com's "25 hottest San Francisco startups to watch in 2016" [19]
- Named one of the "Top 10 HR Technologies and Recruiting Tools of 2016" by Recruiting Daily.com [20]
References
- Feldman, Amy. "Recruiting Software Firm Lever Raises $30M For Effort To Transform Hiring". Forbes. Retrieved 2017-08-11.
- Desmarais, Christina (2015-05-27). "5 Remarkably Smart Tactics for Finding Top Talent". Inc. Retrieved 2016-01-13.
- Smith, Danielle (2014-01-17). "The Entrepreneurs Behind Lever's Hiring Software". HR & Talent Management. Retrieved 2016-01-13.
- Levine, Barry (2014-10-02). "Looking to fix hiring, Lever launches platform while nabbing $10M". VentureBeat. Retrieved 2016-01-13.
- Petrone, Paul (2015-09-10). "Meet the 10 Professionals Under 35 Who Are Changing Recruiting and HR". LinkedIn Talent Solutions. Retrieved 2016-01-14.
- "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.
- 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.
- "Jul 19, 2017: Lever - Funding Round - Series C | crunchbase". www.crunchbase.com. Retrieved 2017-08-11.
- Nahm, Sarah (2015-09-21). "When it comes to diversity in tech, look to small companies for leadership". USA Today. Retrieved 2016-01-13.
- "Lever Reaches Diversity Milestone With Appointment of CFO Eileen Treanor". Yahoo. 2016-03-18. Retrieved 2016-10-17.
- Inc, Lever (2017-03-08). "Lever Names Mike Bailen Vice President, People". GlobeNewswire News Room. Retrieved 2020-04-01.
- Globalnewswire (2016-10-04). "Lever Recognized as Top HR Technology Brand at 2016 InfluenceHR Awards". Global News Wire. Retrieved 2016-10-18.
- 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.
- Nahm, Sarah (2016-05-17). "Going Beyond "Applicant Tracking": 6 Reminders That Hiring is Human". LinkedIn. Retrieved 2016-10-17.
- Raphael, Todd (2015-10-27). "I Overheard It At The Fall 2015 ERE Recruiting Conference In Atlanta". ERE Media. Retrieved 2016-01-14.
- Charney, Matt (2015-10-17). "The Top 15 HR Technologies And Recruiting Tools of 2015: The Final Countdown". Recruiting Daily. Retrieved 2016-01-14.
- glarocque (2015-10-07). "Talent Acquisition Is Being Disrupted". #HRWins. Retrieved 2016-01-14.
- Kosinski, Matthew (2016-01-29). "Top 10: Hiring Software Solutions for Small Businesses and Startups". Retrieved 2016-10-18.
- Carson, Biz (2016-02-18). "The 25 hottest San Francisco startups to watch in 2016". Retrieved 2016-10-18.
- Charney, Matt (2016-10-18). "The Top 15 HR Technologies And Recruiting Tools of 2016". Retrieved 2016-10-18.