Fountain

Fountain

AI-driven platform for high volume hiring

About Fountain

Simplify's Rating
Why Fountain is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

Enterprise Software

AI & Machine Learning

Company Size

201-500

Company Stage

Series C

Total Funding

$211.2M

Headquarters

San Francisco, California

Founded

2014

Overview

Fountain focuses on high volume hiring by using automation and artificial intelligence to speed up the recruitment process. Their platform helps businesses fill positions in days instead of weeks, which is especially useful for companies like delivery services and retail chains that need to hire many employees quickly. Fountain's AI technology streamlines the entire hiring process, from sourcing candidates to making hiring decisions, allowing recruiters to save time and concentrate on engaging with potential hires. Unlike many competitors, Fountain offers a mobile-first approach, enabling recruiters to easily access a pipeline of qualified candidates. The goal of Fountain is to provide tailored hiring solutions that help businesses scale their recruitment efforts efficiently.

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for AI-driven recruitment solutions enhances Fountain's market position.
  • Partnerships with firms like Sterling boost recruitment efficiency and credibility.
  • Expansion into international markets, such as India, offers significant growth opportunities.

What critics are saying

  • Increased competition for tech-savvy Gen Z workers may challenge talent retention.
  • Sterling partnership may face challenges if compliance needs evolve beyond current capabilities.
  • Regulatory and cultural challenges in India could impact Fountain's expansion efforts.

What makes Fountain unique

  • Fountain leverages AI to expedite high-volume hiring, reducing time-to-hire significantly.
  • The platform offers a mobile-first approach, appealing to tech-savvy Gen Z job seekers.
  • Fountain's tailored solutions streamline hiring, onboarding, and compliance for frontline workforce management.

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Funding

Total Funding

$211.2M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$100M
Oura
$100M
Fountain

Benefits

Equity grants and a 401(k) program.

great medical, mental health, dental, and vision plans, plus HSA, FSA, and life insurance options.

Unlimited PTO and monthly company-wide holidays.

Remote-first culture

Reimbursement for any work equipment, monthly phone, & Wi-Fi stipends

In-person company events, monthly virtual team-building events, and weekly trivia!

Generous parental leave

Wellness stipends

Reimbursement for bettering yourself and your contributions to Fountain.

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-2%

2 year growth

-1%
Business Wire
May 15th, 2024
Fountain Launches New Ai Products To Help Customers Manage Frontline Workforce

SAN FRANCISCO--(BUSINESS WIRE)--Fountain, the leading enterprise platform for frontline workforce management, today launched a set of new products–Fountain Assist, Fountain I-9 Center, Fountain Reach, and Fountain Communicate–to help companies achieve their goals for hiring, managing, and retaining frontline workers. Using Fountain’s technology, customers benefit from faster hiring, more efficient onboarding, and a better experience for frontline employees.The labor market for frontline workers has undergone a significant shift—job demand has increased while technology has made it easier than ever for workers to change jobs. While nearly 70% of the global workforce holds frontline jobs, there are millions of openings, and more options mean increased competition among companies looking to hire and retain these workers. Additionally, a rising cohort of digitally native Gen Z workers are pursuing frontline roles and expect joining a company and interacting with management to be equally tech-savvy. Fountain developed these products to help businesses excel in this new normal.Fountain’s platform provides companies with the technology and strategic insights to improve their frontline workforce management, with four new products that include:Fountain Assist : Leverages Fountain's state-of-the-art AI and automation tools to deliver qualified, interested, and available talent to meet their hiring needs. With no integration, customers can start with Fountain Assist in one day and remain focused on growing their business.: Leverages Fountain's state-of-the-art AI and automation tools to deliver qualified, interested, and available talent to meet their hiring needs

Business Wire
Mar 20th, 2024
Remote Announces 14 Winners Of The Remote Excellence Awards

SAN FRANCISCO--(BUSINESS WIRE)--Remote, the leader in building, managing, and supporting globally distributed workforces, today announced the winners of its first-ever Remote Excellence Awards. The Awards recognize companies that have demonstrated exceptional commitment, innovation, and enthusiasm in navigating the challenges and opportunities presented by remote work. The Awards celebrate the visionary efforts driving success in the realm of remote work and distributed teams and provide a roadmap of effective strategies and practices for other businesses to follow. The Awards recognize inspiring winners across 10 categories covering vital aspects of modern business:. Excellence in Remote Work Culture:

Insurance Journal
Feb 26th, 2024
Higginbotham Adds 103-year-old FPH&A to the Lineup

Higginbotham, one of the largest independent insurance brokerages, has acquired Alabama-based Fountain, Parker, Harbarger & Associates, a 103-year-old agency.

Business Wire
Feb 1st, 2024
Fountain Ushers In A New Era Of Workforce Management With The Launch Of Fountain Onboard And Fountain Compliance

SAN FRANCISCO--(BUSINESS WIRE)--Fountain, the leading comprehensive platform for hiring and onboarding the frontline workforce, is excited to announce the launch of two innovative products—Fountain Onboard and Fountain Compliance. These tech-driven solutions are designed to revolutionize the onboarding experience for frontline workers and simplify compliance management for businesses. Fountain Onboard redefines onboarding processes with its user-friendly, AI-driven platform. It offers personalized task flows, a fully customizable mobile portal, and streamlined onboarding processes. With features such as real-time insights, personalized dashboards, and AI-assisted design customization, Fountain Onboard accelerates onboarding flows, ensures a seamless day one experience, and fosters increased retention and worker engagement. In frontline industries where high-volume hiring is essential, effective onboarding is a critical component of ensuring candidates who are hired complete their paperwork and arrive ready to start work

Business Wire
Jan 17th, 2024
Fountain Selects Sterling As Preferred Background Screening Partner

SAN FRANCISCO--(BUSINESS WIRE)--Fountain, the leading comprehensive platform for hiring and onboarding the frontline workforce, and Sterling (NASDAQ: STER), a leading global background screening and identity services provider, marked five years of their successful partnership by announcing Fountain's selection of Sterling as the preferred background screening partner for Fountain clients. This strategic partnership aims to further streamline the screening process for the hospitality, retail, healthcare, gig economy, and logistics industries via tech-enabled compliance solutions and the elimination of manual tasks. As part of this expanded partnership, Fountain and Sterling collaborated to combine Fountain's innovative workforce platform with Sterling's industry-leading screening solutions to streamline the screening process for new hires. The result is a cohesive applicant experience, with increased talent retention and faster hiring for employers. “We are grateful for Sterling’s partnership over the last five years and excited about the growth opportunity this integration offers for Fountain’s customers: fast and accurate background checks and identity verification solutions that will help them better compete for talent in the global labor market,” said Sean Behr, CEO of Fountain. “This collaboration will make a significant impact on hiring processes within the industries we serve, ensuring the highest standards of quality and compliance.”

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