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RiseSmart Secures $1.5 Million Seed Round

Dallas-Based Web Startup Bridges the Gap Between Traditional Job Boards and the Personal Attention of a Career Coach

DALLAS (Business Wire EON/PRWEB ) March 4, 2008 -- RiseSmart, the human-powered job search service for $100K+ earners, announced today that it has secured a $1.5 million seed round of financing from angel investors, including leading authorities in the human resources and recruitment industry.

Bridging the gap between traditional job boards and the personal attention of a career coach, RiseSmart a subscription-based service competing with executive job sites such as TheLadders.com assigns each member a personal Job Concierge who is responsible for matching member profiles with the most relevant job listings returned through an intelligent automated search of its million-job database.

News Image The RiseSmart Concierge is the centerpiece of RiseSmarts strategy of building deeper customer relationships than other $100K+ job sites. Each RiseSmart Concierge is responsible for reviewing the resumes and learning the job preferences of assigned members. Concierges can modify future searches based on member feedback for example, screening out jobs from undesirable companies.

RiseSmarts investors include Craig Stamm, the former chief financial officer for CareerBuilder.com and Headhunter.net; Mark Hamdan, founder and chief executive officer of HRsmart, an Inc. 500 HR technology company; and Louis Ramery, senior vice president of relationship marketing at Sears Holdings Corporation.

Were very pleased that HR and recruitment industry stalwarts have chosen to invest in RiseSmart, says Sanjay Sathe, RiseSmart founder and chief executive officer. They believe, as we do, that RiseSmart will transform the way senior professionals find jobs online.

The company expects to seek its first institutional round of financing this year.

About RiseSmart

Based in Dallas, RiseSmart is a human-powered job search service that prescreens online search results for time-starved managers and executives. The RiseSmart team matches opportunities with jobseekers based on each members unique profile, freeing senior-level professionals to focus on networking or the demands of their current jobs. For more information, visit the companys Web site at www.RiseSmart.com or its blog at www.RiseSmart.com/blog. To view a demo, visit www.RiseSmart.com/demo.

See the original story at: http://eon.businesswire.com/releases/risesmart/concierge/prweb741944.htm

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The Idea Grove
Cathy Baradell, 972-235-3439
cbaradell@ideagrove.com

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