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RiseSmart, a Sunnyvale, California based job search and placement services startup, has raised $3 million in first round of funding from Norwest Venture Partners. RiseSmart uses web based system aided by a global HR team to spare executives from the mundane tasks of online job search, providing corporate clients a cost-efficient alternative to placement services. The company has previously raised $1.5 million in seed funding in 2007.
“RiseSmart has made significant progress since introducing service earlier this year. Our RiseSmart Job Concierge customer base is growing steadily, and we are making great strides with RiseSmart Transition Concierge – securing agreements with Fortune 500 companies to provide ‘Outplacement 2.0’ services for their transitioning employees,” said Sanjay Sathe, founder and chief executive officer of RiseSmart.
“With the current uncertainty in the economy and job market, people and businesses are looking for new job search solutions that save them time and money – which is exactly what RiseSmart delivers. The infusion of capital from NVP will enable us to expand our offerings to more fully serve the needs of both jobseekers and employers.”
