What is Fama?
Fama provides an automated, AI-driven solution designed to identify problematic behavior among potential hires and current employees by analyzing publicly available online information. By focusing on indicators such as bigotry and harassment, the platform enables HR and talent leaders to mitigate liability and proactively manage workplace culture. In an era where corporate reputation is inextricably linked to internal conduct, Fama serves as a vital layer of due diligence, helping organizations identify risks that traditional screening methods often overlook. The company's technology is specifically engineered to scale within large enterprise environments, ensuring that talent acquisition processes remain aligned with corporate values and safety standards.
How much funding has Fama raised?
Fama has raised a total of $16.9M across 4 funding rounds:
Private Equity
$1.5M
Series A
$5M
Debt
$350K
Series B
$10M
Private Equity (2015): $1.5M with participation from Wavemaker Partners, Amplify.La Capital II, and Double M Partners
Series A (2018): $5M led by Tech Coast Angels, Miramar Digital Ventures, Bullpen Capital, Crosscut, Double M Partners, and Wavemaker Partners
Debt (2020): $350K supported by PPP
Series B (2022): $10M featuring Bullpen Capital, Crosscut, Navigate VC, Gaingels, and Silverton Partners
Key Investors in Fama
Wavemaker Partners
Wavemaker Ventures is a leading venture capital firm in Southeast Asia that specializes in early-stage investments in Enterprise, Deep Tech, and Sustainability sectors.
Bullpen Capital
Bullpen Capital is a venture capital fund that specializes in investing post-seed capital into early-stage companies that have identified a special product-market fit.
Gaingels
Gaingels is the leading investment syndicate in support of and representing the LGBTQ community and allies in the venture capital space, focusing on high-growth companies.
What's next for Fama?
With the successful closure of its latest funding round, Fama is well-positioned to accelerate its product roadmap and expand its footprint in the enterprise HR technology sector. The strategic focus will likely center on enhancing the depth of its behavioral analysis algorithms and scaling its go-to-market operations to meet the needs of multinational corporations. As organizations continue to prioritize diversity, equity, and inclusion alongside risk management, Fama's ability to provide actionable, objective insights will be a key driver of its future growth. The company is expected to leverage this capital to deepen its integration with existing enterprise software ecosystems, further embedding its culture-screening capabilities into the standard hiring workflow.
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