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- Fountain
Fountain Valuation, Funding & Investors
Fountain is valued at $950M as of June 2022.
Last Fountain valuation
$950M
Series C · Jun 2022
Last Fountain funding round
$100M
Series C · Jun 2022
Cumulative funding Fountain raised
$219M
across 6 funding rounds
Key investors in Fountain
Uncork Capital
DCM Ventures
Commerce Ventures
Origin Ventures
Y Combinator
SoftBank Group
About Fountain
Fountain is a recruiting software platform automating high-volume hiring for retail, hospitality, and logistics employers. San Francisco-based Fountain processes applications via SMS and chatbots, serving clients like McDonald's and 7-Eleven with screening and scheduling integrations.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$950M (Jun 2022)
Fountain Valuation
Fountain is currently valued at $950M, based on its Series C in June 2022.
The $100M round was led by B Capital, with participation from SoftBank Group, Origin Ventures, Mirae Asset Venture Investment, Commerce Ventures, Uncork Capital and 2 other investors.
Fountain valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2022 | Series C | $950M |
Fountain Funding History
Fountain has raised a total of $219M across 6 funding rounds.
Fountain's first fundraising round was a $2M seed round in May 2015. The most recent completed round was a $100M Series C in June 2022.
Fountain funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2022 | Series C | B Capital (lead); SoftBank Group; Origin Ventures; Mirae Asset Venture Investment; Commerce Ventures; Uncork Capital; DCM Ventures; SemperVirens Venture Capital | $100M | $950M | Fountain is the world's leading all-in-one applicant tracking system (ATS) designed for high-volume hiring, helping companies automate sourcing, screening, and hiring processes for hourly workers. It powers hiring for brands like sweetgreen, Stitch Fix, Flink, and Just Eat Takeaway, having processed over 68 million applications and facilitated hires for more than 9.2 million workers across 75 countries. The platform offers insights and analytics to streamline qualification verification and optimize hiring managers' time. On June 15, 2022, Fountain announced a $100 million extension to its Series C round, led by B Capital Group, with participation from SoftBank Vision Fund, Mirae Asset Venture Investment, DCM Ventures, Origin Ventures, Commerce Ventures, SemperVirens Venture Capital, Uncork Capital, and others. This brought the total Series C to $185 million and overall funding to around $225 million. The post-money valuation was reported at $950 million, approaching unicorn status near $1 billion. The company demonstrated explosive growth, with business tripling year-over-year from 2020 to 2021 and on track to nearly triple again in 2022, alongside a more than 300% increase in employee headcount since its Series B in 2019. At the time, Fountain had about 230 employees, planning to expand to 325 by year-end, and focused the new capital on international expansion into Europe and Asia, platform enhancements for analytics, and workforce growth. Fountain's traction was recognized when it was named to Forbes' Next Billion-Dollar Startups list in August 2022, selected based on factors including valuation, growth metrics, customer count, and headcount. |
| Nov 2021 | Series C | SoftBank Group (lead); Origin Ventures; Flucas Ventures; Mirae Asset Venture Investment; Commerce Ventures; Uncork Capital; B Capital; DCM Ventures; SemperVirens Venture Capital; Peak State Ventures | $85M | - | - |
| Oct 2019 | Series B | DCM Ventures (lead); Industry Ventures; 51job; Uncork Capital | $23M | - | Fountain raised a Series B round of $23M on October 29, 2019, led by DCM Ventures, matching the specified investors including 51job, Industry Ventures, and Uncork Capital. This followed a seed round in June 2015 ($1.65M) and Series A rounds in April 2017 ($1.53M and $7.54M). Subsequent rounds included Series C funding of $85M in November 2021 and $100M in April 2022, with investors like B Capital Group and SoftBank. |
| Jul 2017 | Series A | Origin Ventures (lead); Salesforce Ventures; Industry Ventures; Y Combinator; Commerce Ventures; Uncork Capital; Invariantes Fund; Crosslink Capital | $9M | - | Fountain, formerly OnboardIQ, raised $9.1 million in a Series A round on July 7, 2017, led by Origin Ventures with participation from Commerce Ventures, Crosslink Capital, Industry Ventures, Invariantes Fund, Salesforce Ventures, Uncork Capital, and Y Combinator. The company provides a hiring platform for hourly workers in high-volume recruiting sectors like retail, delivery, food and beverage, manufacturing, and hospitality. Clients including Uber, Safeway, Deliveroo, John Lewis, and Grubhub used Fountain for large-scale employee hiring and contractor vetting across 50 countries. |
| Aug 2015 | Pre-seed | Y Combinator (lead) | $100K | - | - |
| May 2015 | Seed | Uncork Capital (lead) | $2M | - | - |
Who has invested in Fountain?
16 investors have backed Fountain across its funding rounds, including Uncork Capital, DCM Ventures, Commerce Ventures, Origin Ventures, Y Combinator and SoftBank Group.
Lead investors include B Capital, SoftBank Group, DCM Ventures, Origin Ventures, Y Combinator and 1 other investor.
Fountain Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | May 2015 | ||
| 3 | Lead | Jul 2017 | ||
| 3 | Participant | Jul 2017 | ||
| 3 | Lead | Oct 2019 | ||
| 2 | Participant | Jul 2017 | ||
| 2 | Lead | Aug 2015 | ||
| 2 | Lead | Nov 2021 | ||
| 2 | Participant | Nov 2021 | ||
| 2 | Lead | Nov 2021 | ||
| 2 | Participant | Nov 2021 | ||
| 1 | Participant | Jul 2017 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Participant | Nov 2021 | ||
This data is available for Pro users. Sign up to see all 16 Fountain investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Fountain
Fountain has acquired 1 company to date.
Last acquisition by Fountain was on June 7th 2023. Fountain acquired Clevy for undisclosed valuation.
Latest Acquisitions by Fountain
| Description | Clevy is a Paris-headquartered software firm specializing in conversational AI technologies. It developed the CSML open-source language for building chatbots and voice assistants, used by enterprises for customer service automation. |
| HQ Country | |
| HQ City | Paris |
| Deal Date | 7 Jun 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Fountain acquisitions and their M&A valuation multiples. Start Free Trial | |
Fountain Competitors
Fountain competitors include listed companies like Freee and Teamshares, and private ones like Gem, Phenom, Sense and Teamtailor.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $500M | - | ||
| Private | $20M | - | $341M | 17.0x | ||
| Publicly listed | $214M | $6M | $1.5B | 4.8x | ||
| Publicly listed | $472M | ($23M) | $545M | 1.4x |
Fountain Public Comps
Fountain is still privately-owned, but its public comps include McMillan Shakespeare, Kforce, UT Group, Michael Page, Timee, FESCO Group, JAC Recruitment, Barrett Bus Services, Open Up Group and Synergie.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $336M | $179M | 4.5x | 3.5x | 8.4x | 11.4x | |||
| $1.3B | $52M | 0.8x | 0.8x | 19.9x | 13.1x | |||
| $1.1B | $82M | 0.7x | 0.7x | 9.4x | 9.2x | |||
| $2.1B | $105M | 0.5x | 0.5x | 10.0x | 9.1x | |||
| $132M | $23M | 6.3x | 2.8x | 36.0x | 13.5x | |||
| $6.7B | $296M | 0.0x | 0.0x | 0.5x | 0.7x | |||
| $296M | $77M | 3.2x | 2.9x | 12.3x | 10.6x | |||
| $1.2B | $80M | 0.6x | 0.6x | 9.5x | 11.0x | |||
This data is available for Pro users. Sign up to see all Fountain competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Fountain
| When was Fountain founded? | Fountain was founded in 2014. |
| Where is Fountain headquartered? | Fountain is headquartered in San Francisco, CA, United States. |
| Is Fountain publicly listed? | No, Fountain is a private, VC-backed company. |
| What is Fountain's valuation? | Fountain was last valued at $950M in its Series C in June 2022. |
| How much funding has Fountain raised? | Fountain has raised $219M across 6 funding rounds. |
| What was Fountain's last funding round? | Fountain's last funding round was a $100M Series C in June 2022, led by B Capital. |
| Who are Fountain's investors? | Fountain's investors include Uncork Capital, Origin Ventures, Commerce Ventures, DCM Ventures, Industry Ventures, Y Combinator, SoftBank Group, Mirae Asset Venture Investment, B Capital, SemperVirens Venture Capital and 6 others. |
| Which companies are comparable to Fountain? | Companies comparable to Fountain include Gem, Phenom, Sense, Teamtailor, Freee and Teamshares. |
| How many companies has Fountain acquired? | Fountain has acquired 1 company, including Clevy. |
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