# RiseSmart Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/risesmart-networks

- Industry: Outsourcing
- Headquarters: San Jose, US
- Website: www.risesmart.com
- Total disclosed funding: $24M
- Latest round: Series B (Feb 13, 2014)
- Investors on record: 3

## About

RiseSmart Networks delivers innovative talent management solutions to enhance workforce agility and optimize talent acquisition, catering to diverse industries globally.Founded in 2007 in San Jose, US, RiseSmart Networks specializes in talent management solutions. The company was acquired by Randstad Holding in September 2015 for USD 100 mn. The CEO is Alison Hernandez, and Dan Davenport is also noted in leadership. The company has engaged in 7 deals to date.RiseSmart Networks offers comprehensive talent life cycle solutions, including recruitment process outsourcing (RPO), managed services programs (MSP), and career coaching through Randstad RiseSmart. Their services address the evolving workforce needs of various sectors, including banking, IT, and life sciences, and are tailored to support businesses across North America, Europe, and Asia-Pacific.RiseSmart Networks operates on a B2B model, offering services that are typically funded through subscriptions for ongoing talent acquisition or project-based contracts. Their revenue stems from flagship services such as RPO and MSP, which are priced based on the scope of services and the number of hires. Additionally, the personalized career coaching services contribute to revenue through tailored arrangements with clients.Following the acquisition by Randstad Holding in September 2015, RiseSmart Networks plans to enhance its offerings by launching new products aimed at improving talent management. The company aims to expand its services into new geographical regions across Europe and Asia-Pacific by 2025. The funding from the acquisition will support these initiatives, enabling the development of innovative solutions to meet the evolving demands of clients.

## Funding rounds

- Series B, Feb 13, 2014, $11M — Accel-KKR, Norwest Venture Partners, Storm Ventures
- Series A, Nov 30, 2011, $2M — Norwest Venture Partners
- Series C, Dec 10, 2010, $3M — Norwest Venture Partners, Storm Ventures
- Series C, Nov 16, 2009, $4.6M — Norwest Venture Partners, Storm Ventures
- Series A, Dec 9, 2008, $3M — Norwest Venture Partners

## Investors

- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series A, Series C, Series B
- Storm Ventures (https://capitalatlas.ai/funds/storm-ventures) — Series C, Series B
- Accel-KKR (https://capitalatlas.ai/funds/accel-kkr) — Series B