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Gem
Enterprise Software
Gem is a San Francisco-based recruiting software company providing a talent relationship management and analytics platform that helps corporate recruiting teams source, engage, and track candidates.
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Gem was founded in 2018 by Nick Bushak, Steve Bartel, and Eric Yatzeck, based on the observation that traditional applicant tracking systems (ATS), the software most companies use to manage job applications after a candidate applies, were not well designed for the earlier, more proactive stages of recruiting, particularly outbound sourcing, in which recruiters actively identify and reach out to potential candidates who haven't yet applied, a workflow that has become increasingly important for competitive roles, particularly in technology, where top candidates often aren't actively job searching and need to be proactively identified and engaged. Gem's platform gives recruiting teams tools for organizing and tracking candidates throughout a much longer relationship lifecycle than a traditional ATS typically covers, including candidates a recruiter has identified as promising but hasn't yet formally engaged, multi-step outreach sequences for engaging passive candidates who aren't actively job hunting, and analytics that help recruiting leadership understand pipeline health, diversity metrics, and where candidates are dropping out of the recruiting process, functioning as a complementary layer that typically integrates with, rather than replaces, a company's existing applicant tracking system. The company's analytics and reporting capabilities have been particularly valued by recruiting leadership at larger companies needing to report on hiring funnel metrics, source of hire effectiveness, and diversity, equity, and inclusion metrics to company leadership, capabilities that many traditional applicant tracking systems provide only in limited or clunky form. Gem's customers span technology companies and other organizations with dedicated in-house recruiting teams facing competitive talent markets, particularly for specialized roles requiring more proactive sourcing rather than relying solely on inbound applications. The company has raised substantial venture funding from investors including Accel, ICONIQ Growth, and Meritech Capital, reaching a valuation exceeding $1.2 billion, competing with other recruiting technology platforms and the sourcing features increasingly added to major applicant tracking systems.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
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