RiseSmart, a provider of Web-enabled outplacement and job search services, has secured an additional $4.6m Series A financing, including $2.8m from Storm Ventures and $1.8m from Norwest Venture Partners (NVP).
The San Jose, CA-based company announced $3m in Series A financing from NVP last year and has raised a total of $8.85m in angel and institutional investment.
As stated by RiseSmart founder and CEO Sanjay Sathe, this infusion of capital will enable the company to aggressively expand its sales efforts and enhance product and service offerings.
Sanjay Subhedar, managing director of Storm Ventures, will join NVP general partner Venkat Mohan and Sathe on the company’s board of directors.
FinSMEs
21/10/2009