Fama, a Los Angeles, CA-based social media screening company, raised $10 million in a Series B funding round led by Silverton Partners, with participation from Bullpen Capital, Crosscut, Navigate VC, and Gaingels.
The company intends to use the funds to expand its partnerships team, drive more awareness about its solutions, develop new products for its clients, deepen its relationships with its existing resale network, generate additional revenue streams for background screening firms, applicant tracking systems, and other HCM software providers.
Company: Fama Technologies, Inc.
Raised: $10.0M
Round: Series B
Funding Month: February 2022
Lead Investors: Silverton Partners
Additional Investors: Bullpen Capital, Crosscut, Navigate VC, and Gaingels
Company Website: https://fama.io/
Software Category: AI-driven Candidate Insights
About the Company: Led by CEO Ben Mones, Fama is a social media screening company applying AI to background screening services. Fama is an AI-based software solution that identifies problematic behavior among potential hires and current employees by analyzing publicly available online information. Enterprise HR and Talent leaders at more than 1,500 businesses in 32 countries use it to help identify candidate behaviors such as intolerance and harassment that are often missed in the hiring process. Founded in 2015, Fama is backed by some of the world’s leading venture capitalists and institutional investors and is headquartered in Los Angeles, CA.
Source: https://www.finsmes.com/2022/02/fama-raises-10m-in-series-b-funding.html