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ClearCompany
ClearCompany is a San Francisco-based company founded in 2004. It develops and markets talent management software for hiring, onboarding, goal alignment, and...
ClearCompany
ClearCompany is a San Francisco-based company founded in 2004. It develops and markets talent management software for hiring, onboarding, goal alignment, and performance management. The company has secured $60 million in total funding.
General information
Firm type
Asset Manager
Year founded
2004
Location
Region
North America
Country
United States
City
Boston
Corporate office
Boston, MA, United States
Principals
Andre Lavoie
CEO & Co-Founder
Colin Day
Co-Founder
Sector focus
Frequently asked questions
Who runs investment decisions at ClearCompany?
ClearCompany is not an investment firm. It is an enterprise software company that builds and sells a talent-management platform. Strategic decisions — including the 2020 sale to Gemspring Capital — were led by CEO and co-founder Andre Lavoie, who bootstrapped the business for 16 years. Post-acquisition, capital allocation and M&A strategy are governed by Gemspring Capital, which uses ClearCompany as a platform for add-on acquisitions in HR technology.
Is ClearCompany a family office or a venture-backed startup?
Neither. ClearCompany was a bootstrapped, founder-owned software company from 2004 until its acquisition by Gemspring Capital in August 2020. It never raised institutional venture capital. The company now operates as a private-equity-backed portfolio company, with Gemspring as the controlling shareholder and Lavoie remaining as CEO.
How is ClearCompany structured after the Gemspring acquisition?
Gemspring Capital merged ClearCompany with TalentBoard, a talent-analytics firm, in August 2020. The combined entity retained the ClearCompany name and headquarters in Boston. Gemspring positions the company for organic growth and add-on acquisitions, consolidating mid-market HR software providers into a single platform. The founders received liquidity through the transaction while retaining operating leadership.
What does ClearCompany actually sell?
ClearCompany sells a unified talent-management SaaS platform covering applicant tracking, onboarding, performance management, goal alignment, and workforce planning. It targets mid-market organizations — typically 200 to 5,000 employees — in healthcare, manufacturing, and professional services. The platform competes with point solutions from Greenhouse, Lever, and Lattice by bundling the full talent lifecycle into one system.
What was ClearCompany's growth path before the sale?
ClearCompany grew entirely without outside equity capital for 16 years. The founders funded initial product development from operating cash flow and scaled by reinvesting subscription revenue. By 2020, the company served roughly 2,000 organizations and employed over 200 people — all from a single Boston headquarters. This bootstrapped trajectory is unusual in HR tech, where venture-funded competitors typically burn cash to acquire customers.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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