Lever Raises $50 Million in Series D Funding

On behalf of everyone at Lever, we’re beyond excited to announce that we have raised $50 million in our Series D round with Apax Digital.

In 2021, we experienced record-breaking growth with over 100 new tech partners as we’ve surpassed 4,000 customers. This new funding will enable us to rapidly expand our solution development in talent analytics, top-of-funnel talent discovery, and diversity, equity, and inclusion (DEI) as well as support growth in new markets, and continued product innovation.

The funding comes at a pivotal time, as the market for TA continues to heat up, and companies face the most competitive market for hiring and retaining talent to date.

As a team, we work hard every single day to push the envelope of talent acquisition, as we consistently move towards our ultimate objective:

  • Helping all of our customers proactively recruit, attract, and hire the best candidates

The tech used by small and large businesses today to source, nurture, and hire talent must help talent acquisition pros approach hiring proactively rather than reactively.

This is a challenge we’re excited to take on, as we build solutions that empower every stakeholder to hire more efficiently: from sourcers and recruiters to hiring managers.

  • These teams deserve the tools and tech worthy of such feats — and we’re here to build them.

“We’re experiencing record-breaking growth, and we are excited to be able to reach even more customers,” said Lever CEO and Cofounder Nate Smith regarding the funding.

“Through this investment from Apax Digital, we’re gaining a partner that is aligned with our vision of enabling every company to connect human potential to meaningful work.

“As more companies are understanding the importance of leveraging talent acquisition suites to seamlessly handle the complexities of hiring, we’re continuing to expand our technology ecosystem, enable data-driven talent acquisition, and significantly improve diverse and inclusive hiring practices.”

At Lever, we’ll use this funding for growth and expansion in new markets, continue to invest in R&D, and build on our already expansive ecosystem of technology partners.

We’re particularly excited to continue our investment in talent analytics, including upcoming diversity, equity, and inclusion analytics capabilities that enable all Lever customers to measure their progress on their respective DEI initiatives.

  • Our further investment into talent analytics is an exciting one, as we work to enable talent teams and deepen their impact within their organization.

Talent acquisition teams are instrumental in the growth of every organization and they require the right access to insight to support their strategic function.

Since our inception in 2012, DEI has been a core part of our culture and product. It’s why we inject our own values of collaboration, transparency, and humanity into our solutions to help orgs reimagine what growth, teamwork, and talent acquisition look like.

  • As part of this partnership, Apax Digital’s own Mia Hegazy will join Lever’s board of directors, and we couldn’t be more excited to welcome her, as we progress both our product and the future of TA.

“The talent acquisition market is an exciting sector benefiting from several tailwinds and, having tracked the space for some time, Lever stood out for its candidate-centric approach, next-gen technology, and innovative culture,” said Apax Digital Principal Mia Hegazy.

“Companies must navigate heightened competition for talent, which is driving strong demand for best-in-class applicant tracking software products such as Lever’s. We look forward to working with Nate and his team to help accelerate the growth of the business, building on Lever’s impressive success to date.”

  • We are proud and excited to continue innovating for the future of talent acquisition.

From every member of the Lever family to our partners and our customers, we look forward to consistently driving real results for organizations with solutions that help you create better hiring experiences.

To learn more about our Series D Funding, feel free to check out our press release here.