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Baseline Ventures leads $8m round for hiring startup Gild

28 Feb 2013

san francisco tram_sqBaseline Ventures has led an $8m Series A fundraising round for San Francisco-based hiring specialist Gild - the largest ever round in the tech-hiring market.

The round was also supported by SAP Ventures, Globespan Capital Partners and Silicon Valley investor Mark Kvamme, who was an original investor in LinkedIn.

Gild’s technology combines Big Data techniques with patent-pending technology which evaluates developers’ skills.

Since its launch in June 2012 Gild has seen an increase of over 900 per cent in its user base.

The group’s recruiting solutions such as Gild Source are now used by over 65 enterprise companies, such as Box, Red Hat, Rackspace, Zynga and Square.

Steve Anderson, Baseline ventures founder, said, “Of all of the companies offering tech recruiting solutions, Gild is by far the fastest growing company in both revenues and customer growth.

“We like how they differentiate on deep data science and meritocracy.

“I expect them to use this funding to invest even more heavily in ensuring the success of their customers and to make further gains in the market.”

Baseline has recently participated in a $21m financing round for consumer credit platform BillFloat.

In September last year the firm led a $77.2m Series B funding round for US student loan provider Social Finance (SoFi).

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