RiseSmart, founded in 2007 by CEO Sanjay Sathe, provides enterprise career-management solutions from its San Jose, CA base. The company offers a cloud-based outplacement platform, RiseSmart Transition, and an employee-centric career-management platform, RiseSmart Compass, to Fortune 500 clients and companies of all sizes. It serves customers across sectors including aerospace, financial services, healthcare, retail, telecommunications, education/government and others. RiseSmart raised $11M in growth equity and intends to use the funds to expand its sales and marketing organizations, differentiate its platform and scale operations. The company has now raised a total of $24.85M. As part of the round, Accel-KKR’s Greg Williams will join RiseSmart’s board of directors. RiseSmart offers outplacement and career-transition services via a cloud-based technology platform, proven methodologies, and one-on-one support led by founder and CEO Sanjay Sathe. Its Transition Concierge product uses proprietary job-matching software to deliver custom-tailored job leads and provides eligible employees with information, tools and training through personal career-management portals. Laid-off workers receive one-on-one assistance from trained Transition Specialists throughout the job-finding process. The company has been building both technology and human-delivered services to help employers manage workforce strategies and support displaced employees’ career strategies. Financially, RiseSmart raised $2.0M from Norwest Venture Partners in the reported round and has raised a total of $13.85M since its 2007 founding. The company is actively hiring, indicating ongoing growth and investment in operations. RiseSmart provides web-enabled outplacement and job-search services. The San Jose, CA-based company secured an additional $4.6M in Series A financing, comprising $2.8M from Storm Ventures and $1.8M from Norwest Venture Partners. It had previously announced $3M in Series A financing from NVP the prior year and has raised $8.85M in total angel and institutional capital to date. Founder and CEO Sanjay Sathe said the capital infusion will enable the company to aggressively expand its sales efforts and enhance product and service offerings. As part of the financing, Storm Ventures managing director Sanjay Subhedar will join the board alongside NVP general partner Venkat Mohan and Sathe.

Total raised

$18M

Funding rounds

3

Latest round

Equity

Latest activity

Feb 2014