Lumir Ventures Partners With Gloat In $90 million Series D

Lumir Ventures Partners With Gloat In $90 million Series D

Article Date
June 1, 2022

Lumir Ventures has backed Gloat, the leading provider of Workforce Agility software and pioneers of the AI-powered Talent Marketplace. Gloat’s $90 Million Series D round was led by Generation Investment Management, the investment manager co-founded by former U.S. Vice President Al Gore.

Lumir Ventures is thrilled to invest alongside Generation, Accel, Eight Roads Ventures, and Intel Capital. This significant round places Gloat in a strong position to rapidly accelerate the evolution of its rich, dynamic talent ecosystem that empowers individuals to take control of their careers and companies to maximize their talent through both economic growth and market disruptions.

Over the last two years during the global pandemic, it has become clear to organizations that they can’t rely on the outdated practices of human capital management to maintain a productive workforce. “Now more than ever, companies need to understand their own talent's skills and goals so the right people are connected to the right opportunities and enterprise needs. With the Talent Marketplace and Workforce Intelligence, Gloat is empowering people to steer their own careers and organizations around the world to achieve true workforce agility — in any market or environment.” said Ben Reuveni, CEO and co-founder of Gloat.

With offices in both Israel and Australia, Lumir Ventures is assisting Gloat to expand its growing presence in the APAC region. “We are excited to partner with Lumir Ventures, who have already opened doors for us by facilitating access to contacts at companies within our addressable market” Riges Younan, Gloat VP Asia Pacific and Japan.

Gloat is trusted by some of the world’s leading global enterprises including Spotify, Unilever, Schneider Electric, Nestlé and HSBC. Gloat’s customers span several industries in 120 countries and the business is seeing continued strong demand for its product suite as the focus of many companies have turned toward employee upskilling and retention.

Gloat was founded in Israel in 2014 by Ben Reuveni (CEO), Amichai Schreiber (CTO) and Danny Shteinberg (CMO, CPO). Led by the founders, Gloat’s successful execution has seen the team grow to more than 250 people today across Israel, USA, Europe and APAC.

Gloat is an industry-leading Workforce Agility platform that enables businesses to harness the hidden potential of their talent with an AI-powered Talent Marketplace. Simultaneously, Gloat gives businesses the dynamic workforce intelligence and tools to redeploy talent, understand skills across their organization and make critical planning decisions. With Gloat, businesses are ready to navigate change at speed, retain critical skillsets, and design a future-proof workforce.