RiseSmart, a San Jose, CA-based provider of enterprise career management solutions, raised $11m in growth equity funding.
The round was led by new investor Accel-KKR with participation from Series A investor Norwest Venture Partners (NVP). In conjunction with the funding, Greg Williams, managing director of Accel-KKR, will join RiseSmart’s board of directors.
The company, which has now raised a total of $24.85m, intends to use the funds to expand its sales and marketing organizations, differentiate its platform and scale its operations.
Founded in 2007 by Chief Executive Officer Sanjay Sathe, RiseSmart provides Fortune 500 clients, as well as companies of all sizes with a cloud-based outplacement platform, RiseSmart Transition, and an employee-centric career-management platform, RiseSmart Compass.
It has customers in several sectors including:
– Consumer Products
– Education & Government
– Financial Services
– Food & Drug
– Government Contracting
– Healthcare & Life Sciences
– Information & Technology
01/02/2012: RiseSmart Raises $2M in funding from NVP
21/10/2009: RiseSmart Raises $4.6M in Additional Series A Financing