Two years and a week ago, we discovered RiseSmart, a concierge-like service for executive job search that cost its members $43.95 per month.
Today, RiseSmart offers three main areas of service: Recruitment for companies in need of new talent, job search services for laid-off employees at RiseSmart client companies, and the ever-so-delicately phrased "identifing candidates for potential reassignment."
The latter product, called SmartRedeploy, is a solution for efficient layoffs; we think of it as the Bobs from Office Space in SaaS form.
RiseSmart also offers job seekers social media guidance, interview coaching, CV services and more.
This latest round of funding comes after a $7.6 million Series A (split between 2008 and 2009) from Norwest Venture Partners and Storm Ventures, both of which participated in the most recent round of funding; including angel investment, the company's total funding now comes to $11.85 million.
We can imagine that in the current economy, recruitment, retention and layoffs are equally big opportunities for the right company to build and grow a healthy business. And when you think about it, combining layoffs, job search and recruitment into one company is kind of a self-sustaining business model, like selling salted peanuts and bottled water.
We'll be keeping an eye on RiseSmart as it expands its business and services.