Gloat
Overview
Gloat is an AI-based career development platform that runs both internal and external marketplace solutions.
- The company’s internal marketplace is leveraged by large brands to drive personal development, talent mobility, and employee retention.
- InnerMobility by Gloat uses advanced AI to create a robust internal talent market, where employees are matched with personalized opportunities within their company.
Investment Thesis & Terms
- Gloat is attacking a massive addressable market of over $30B+.
- Communitas Capital was very bullish on the inner mobility platform (though it was in its infancy at the time of investment).
- Large organizations spend millions of dollars each year on hiring, and employee retention is a significant and costly issue.
- If Gloat is able to improve employee retention by even a small amount, it saves its customers millions of dollars.