Recruitment news | SmartRecruiters raises £80m as part of growth efforts

SmartRecruiters today announced it closed an £80m Series E round led by Silver Lake Waterman with participation from existing investors Insight Partners, and Mayfield Fund. The new capital brings the company’s total amount raised to £148m, with a valuation of just over £1bn.

“As the job market becomes more fluid and dynamic, companies need a competitive advantage when it comes to accessing the best talent,” said Jerome Ternynck, CEO and Founder, SmartRecruiters. “Never before has business success been so dependent on hiring success. When you have the right recruiting platform and the right people, you achieve business success.”

This financing round comes on the heels of strong momentum for SmartRecruiters. In the last 12 months, the company has experienced 70% bookings growth behind its expanding product set - with new messaging and analytics capabilities built on its modern talent acquisition platform.

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“Hiring talent and building human capital is more complex and important than ever, and SmartRecruiters is well positioned to help companies attract and land top talent,” said Shawn O’Neill, Managing Director and Group Head, Silver Lake Waterman. “Their scale and customer growth are testament to their strong leadership and industry leading platform. We are excited to help fuel SmartRecruiters' next growth chapter.”