February 13, 2014 – RiseSmart, a provider of next-generation outplacement solutions, has secured $11 million in funding led by new investor Accel-KKR. Series A investor Norwest Venture Partners (NVP) also participated in this financing round. The investment will enable the company to rapidly expand its sales and marketing organizations to build marketshare, enhance and differentiate its next-generation cloud-based outplacement platform, and scale its operations. “Corporate outplacement is a billion dollar business in the U.S. Accel-KKR’s investment is further validation that this market is embracing new approaches to outplacement services that leverage the latest technologies and are tightly focused on results,” said RiseSmart founder and chief executive officer Sanjay Sathe.
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