RiseSmart Raises $3 Million in Funding

December 16, 2010 – RiseSmart, a provider of next-generation outplacement and recruitment process outsourcing (RPO) solutions, has completed $3 million in equity financing to continue its expansion into new markets and further the development of its technology platform for the matching of jobs and job candidates. The talent management startup has raised an aggregate of $11.85 million from Norwest Venture Partners (NVP), Storm Ventures and angel investors since its launch in 2007. “RiseSmart provides talent management solutions at the two most critical talent transition points: joining and leaving an organization. We leverage a common technology platform to ensure next-generation efficiency and superior results for our clients' recruitment and outplacement programs,” said Sanjay Sathe, RiseSmart founder and CEO. “Through our methodology, we have consistently reduced time-to-hire for our recruitment clients and time-to-placement for our outplacement clients.”