SeekOut Valuation, Funding & Investors

SeekOut is valued at $1.2B as of January 2022.

Last SeekOut valuation

$1.2B

Series C · Jan 2022

Last SeekOut funding round

$115M

Series C · Jan 2022

Cumulative funding SeekOut raised

$189M

across 4 funding rounds

Key investors in SeekOut

  • Mayfield Fund
  • Madrona
  • Tiger Global
  • Crew Capital
  • Founders Circle Capital

SeekOut Overview

About SeekOut

SeekOut is a Seattle-based talent intelligence platform that leverages AI to source passive candidates across 800 million profiles. It scans GitHub repositories, patent databases, and research publications to identify engineers and scientists ahead of competitors. Recruiters access diversity filters for underrepresented talent and automate outreach via integrated email campaigns. SeekOut serves Fortune 500 clients such as Microsoft, Mastercard, and Dell, reducing time-to-hire for technical roles through custom search engines spanning 37 social networks.


Founded

2016

HQ

United StatesSeattle, WA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1.2B (Jan 2022)

SeekOut Valuation

SeekOut is currently valued at $1.2B, based on its Series C in January 2022.

The $115M round was led by Tiger Global, with participation from Founders Circle Capital, Madrona, Mayfield Fund and Crew Capital.

SeekOut's valuation has grown 2.4x from $500M at its Series B in March 2021 to $1.2B in January 2022, across 2 priced rounds.

SeekOut valuation by funding round

SeekOut valuation by funding round
DateStageValuation
Jan 2022Series C$1.2B
Mar 2021Series B$500M

SeekOut Funding History

SeekOut has raised a total of $189M across 4 funding rounds.

SeekOut's first fundraising round was a $2M seed round in November 2016. The most recent completed round was a $115M Series C in January 2022.

SeekOut funding rounds

SeekOut funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2022Series CTiger Global (lead); Founders Circle Capital; Madrona; Mayfield Fund; Crew Capital$115M$1.2BSeekOut is an AI-powered talent intelligence platform that helps enterprises hire, develop, and retain diverse and hard-to-find talent through data-driven sourcing, diversity recruiting, and talent optimization tools. Founded in 2017 and headquartered in the Seattle area (Bellevue, WA), it integrates with major ATS platforms and serves industries including technology, pharmaceuticals, aerospace, defense, and banking. In January 2022, SeekOut raised $115 million in a Series C round led by Tiger Global Management, with participation from Founders Circle Capital, Madrona Venture Group, and Mayfield, bringing total funding to approximately $189 million and valuing the company at over $1.2 billion post-money—a 2.6x increase from its $500 million Series B valuation in March 2021. The round was announced amid explosive growth, with ARR increasing more than 3x over the prior year to the $25 million to $50 million range and customer base doubling from 500 to over 1,000 enterprises, including six of the ten most highly valued U.S. companies by market cap. SeekOut achieved high retention rates, was recognized by G2 as the top Talent Intelligence Software and leader in Enterprise Diversity Recruiting, and neared break-even cash flow while tripling headcount to about 120 employees, with plans to triple again in 2022. Funds were earmarked for product development, scaling hiring solutions, go-to-market expansion, and enhancing AI capabilities for talent discovery and DE&I initiatives. Post-funding, SeekOut faced market challenges including the tech downturn and Great Resignation impacts on its customer base of large enterprises. By 2024, it conducted layoffs totaling around 37% of staff across two rounds (7% in October 2023 and 30% in May 2024), citing high cash burn ($2 spent per $1 earned) and a refocus on high-impact initiatives amid slowed growth. Despite this, its last reported valuation remains over $1.2 billion from the 2022 round, positioning it as a unicorn in the competitive talent acquisition space against rivals like HIRETUAL and Entelo.
Mar 2021Series BTiger Global (lead); Madrona; Mayfield Fund$65M$500MSeekOut is a Seattle-based AI-powered talent search and optimization platform that helps enterprises recruit hard-to-find and diverse talent through advanced search, global filters, diversity tools, and integrations with ATS platforms. Founded in 2017, it serves customers across technology, pharmaceutical, aerospace, defense, and banking sectors, including six of the ten most highly valued U.S. companies by market cap as of early 2021. On March 9, 2021, SeekOut raised $65 million in a Series B funding round led by Tiger Global Management, with participation from existing investors Madrona Venture Group and Mayfield, bringing total funding to $73 million. The round valued the company at around $500 million post-money. The capital was intended to accelerate platform development, expand customer success, engineering, sales, and marketing teams in Seattle, and double headcount from 50 employees over the next year. SeekOut demonstrated strong traction with about 500 customers as of January 2021 and had been cash-flow positive and profitable for the prior two years since its Series A in 2019. While exact ARR figures were not disclosed, the company reported subscription revenue (ARR) growth of more than 10-fold since the Series A. It received high analyst scores, strong customer reviews, and awards like GeekWire Startup of the Year in 2021. The Series B positioned SeekOut ahead of a subsequent Series C in January 2022, where it raised $115 million led by Tiger Global at over $1.2 billion valuation, reflecting a 2.6x increase and more than 3x ARR growth in the prior year. SeekOut competed in the growing HR tech space amid the Great Resignation, focusing on talent acquisition, retention, internal mobility, and career development.
May 2019Series AMadrona (lead); Mayfield Fund$6M-SeekOut raised a $6 million Series A round in May 2019 led by Madrona with participation from Mayfield Fund. The company provides an AI-powered talent search platform to help teams recruit hard-to-find and diverse talent across industries including technology, pharmaceuticals, aerospace, defense, and banking. SeekOut's investors include Madrona Venture Group and Mayfield.
Nov 2016SeedMayfield Fund (lead)$2M--

Who has invested in SeekOut?

5 investors have backed SeekOut across its funding rounds, including Mayfield Fund, Madrona, Tiger Global, Crew Capital and Founders Circle Capital.

Lead investors include Tiger Global, Madrona and Mayfield Fund.


SeekOut Investors

Investors in SeekOut by funding rounds participated
InvestorHQRoundsRoleFirst check
Mayfield FundUnited StatesUnited States4LeadNov 2016
MadronaUnited StatesSeattle, WA3LeadMay 2019
Tiger GlobalUnited StatesNew York City, NY2LeadMar 2021

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SeekOut Competitors

SeekOut competitors include listed companies like Freee and ATOSS Software, and private ones like Creatio, Employment Hero, Gem and Nowsta.

Public and private companies comparable to SeekOut
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CreatioUnited StatesBoston, MAPrivate--$1.2B-
Employment HeroAustraliaSydneyPrivate$213M-$1.2B5.6x
GemUnited StatesSan Francisco, CAPrivate--$1.2B-
NowstaUnited StatesNew York City, NYPrivate--$1.2B-
FreeeJapanJapanPublicly listed$214M$6M$1.5B4.8x
ATOSS SoftwareGermanyGermanyPublicly listed$218M$84M$1.7B6.4x

SeekOut Public Comps

SeekOut is still privately-owned, but its public comps include Freee, ATOSS Software, Hilan, Teamshares, Nordtech Group, AdvancedAdvT, Beisen Holding, Zaggle Prepaid Ocean, Asure Software and DHI Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Freee$214M$6M6.3x4.8x237.7x65.4x
ATOSS Software$218M$84M7.0x6.4x18.2x17.1x
Hilan$993M$154M1.8x-11.9x-
Teamshares$472M($23M)1.7x1.4x(35.0x)33.2x
Nordtech Group$72M$15M5.1x-25.2x-
AdvancedAdvT$72M$13M2.5x2.4x14.1x8.9x
Beisen Holding$165M$2M0.3x0.3x22.3x5.2x
Zaggle Prepaid Ocean$199M$20M1.0x1.0x10.4x10.7x

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Common questions about SeekOut

When was SeekOut founded?SeekOut was founded in 2016.
Where is SeekOut headquartered?SeekOut is headquartered in Seattle, WA, United States.
Is SeekOut publicly listed?No, SeekOut is a private, VC-backed company.
What is SeekOut's valuation?SeekOut was last valued at $1.2B in its Series C in January 2022.
How much funding has SeekOut raised?SeekOut has raised $189M across 4 funding rounds.
What was SeekOut's last funding round?SeekOut's last funding round was a $115M Series C in January 2022, led by Tiger Global.
Who are SeekOut's investors?SeekOut's investors include Mayfield Fund, Madrona, Tiger Global, Founders Circle Capital and Crew Capital.
Which companies are comparable to SeekOut?Companies comparable to SeekOut include Creatio, Employment Hero, Gem, Nowsta, Freee and ATOSS Software.

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