San Jose-Based RiseSmart Adds Another $4.6 Million to First Round

San Jose, Calif. -- RiseSmart, a San Jose-based provider of web-enabled outplacement and job search services, said on Wednesday that it has raised $4.6 million in an extension of its first round of funding, closing the round at $8.85 million. The new tranche included a $2.8 million investment from Storm Ventures and $1.8 million from Norwest Venture Partners (NVP). The company last year landed $3 million from NVP. "This infusion of capital will enable us to aggressively expand our sales efforts and enhance our product and service offerings," said founder and CEO Sanjay Sathe. RiseSmart's service combines web technology with HR professionals to provide corporate clients with an alternative to traditional outplacement services. The company offers displaced workers  help with marketing themselves through a rewrite of their resumes and cover letters, guidance from a transition specialist and job leads from across the web.
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