Los Angeles-based CareerArc, an HR tech company, has raised $30 million U.S. in a growth round led by PeakEquity Partners, the company announced Monday. That new capital will be used to drive an aggressive expansion plan that supports product innovation, sales, and marketing.
The platform connects companies with job applicants on social media by distributing open job information across social channels. It schedules sharable content and measures results in what is considered a multi-billion HR software market.
CareerArc also helps with workforce transitioning through resume development tools, job matching, skills assessment, and career coaching.
With offices in Burbank, Calif. and Boston, Mass. in the U.S., CareerArc helps thousands of organizations to be more competitive in employment branding, recruitment, and outplacement. This includes many of the Fortune 500
It is the newest project of CEO and co-founder Robin D. Richards (LinkedInProfile) whose successful startup ventures produced: the MP3 sale to Vivendi Universal, the NTI sale to Blackboard Connect Inc. and the Internships.com sale to Chegg.