# reacHIRE

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/reachire

- Industry: Software
- Headquarters: Concord, US
- Website: www.reachire.com
- Total disclosed funding: $2.5M
- Latest round: Series A (May 25, 2016)
- Investors on record: 1

## About

reacHIRE is a company specializing in returnship programs and leadership development initiatives, designed to assist professionals re-entering the workforce after career breaks while supporting businesses in enhancing their talent acquisition efforts.reacHIRE focuses on facilitating the reintegration of experienced professionals into the workforce. Based in Concord, US, the company has raised USD 2.5 mn in Series A funding from LaunchCapital Ventures as of May 25, 2016. The CEO, Addie Swartz, leads the company, which has not undergone significant pivots or changes in business operations since its inception.reacHIRE’s primary offerings center on the development and implementation of returnship programs and leadership development initiatives aimed at assisting experienced professionals reintegrating into the workforce following career breaks. Their returnship programs facilitate the hiring and onboarding of these professionals, focusing on filling both technical and non-technical roles while providing the necessary support to ease their transition back into corporate environments. The company’s leadership development programs are designed to nurture internal talent through scalable, cost-effective training solutions that enhance leadership capabilities and address real-world workplace challenges. These programs cater to a diverse range of clients, including corporations seeking to diversify and strengthen their talent pipelines. reacHIRE operates predominantly within the United States but also engages with international clients, leveraging its expertise to empower businesses in various sectors to recognize and utilize overlooked talent.reacHIRE generates revenue primarily through partnerships with businesses that utilize their returnship and leadership development programs. The transaction structure typically revolves around B2B agreements, where companies engage reacHIRE to facilitate talent acquisition and development initiatives. Clients may enter into contracts to implement returnship programs that provide a stream of qualified candidates who have undergone structured support during their transition. Leadership development services may involve subscription-based models, where organizations pay for access to proprietary training curricula, leadership assessments, and personalized coaching sessions. While specific pricing plans are not disclosed, the revenue model is centered on providing comprehensive solutions that enhance employee readiness and retention, ultimately driving stronger business performance.reacHIRE plans to leverage its recent funding of USD 2.5 mn from May 2016 to expand its offerings and enhance its market presence. The company is currently designing new returnship programs aimed at increasing accessibility for diverse candidates and plans to launch these initiatives by the end of 2023. Additionally, reacHIRE is targeting expansion into new geographic markets, including Canada and the UK, with efforts set to commence in early 2024. The funding will be utilized to support product development and marketing strategies to attract partnerships in these new regions.

## Funding rounds

- Series A, May 25, 2016, $2.5M — LaunchCapital

## Investors

- LaunchCapital (https://capitalatlas.ai/funds/launchcapital) — Series A