Bolt HR LLC, a Jacksonville, Florida-based provider of human resources support technology, closed a significant funding round.
A New York City-based private equity fund made the investment. Bolt HR had already received earlier funding from Metro Global Ventures.
The company plans to use the capital to expand its development and staffing efforts in advance of a product launch in the first quarter of 2014.
Founded in early 2013 and led by Michael Hagler, Chief Operating Officer, and Eric Fleming, Chief Technology Officer, Bolt HR has been developing human resource support software for the small and medium business market. Its flagship product is in a private beta since Q3 of 2013.