NEW YORK, Jan. 19, 2015 (GLOBE NEWSWIRE) -- RealMatch, the leading provider of performance-based recruitment advertising solutions, announced today it has closed an additional $8 million in venture capital funding as part of a Series C-1 round led by Edison Partners with participation by Orix Ventures and Carmel Ventures.
RealMatch is on a mission to disrupt the highly fragmented online recruitment industry with the most advanced job matching technology and the only performance-based recruitment advertising network designed to connect employers and job seekers across the Web in the most efficient manner possible.
"RealMatch has quickly become a dominant player in the recruitment advertising space with innovative technology and strong partnerships with leading digital publishers who provide access to a vast pool of employers and talent that reside in their online communities" said Jonathan Bulkeley, Chief Executive Officer at RealMatch. "Additional funding from existing and new investors further validates our model and will help us secure the leadership position in the market."
David Nevas, Principal at Edison Partners noted, "RealMatch offers the only solution that addresses the profound inefficiencies that have plagued the online recruitment market for years. The company is well-poised to become a market leader, and our additional investment is intended to help the company accelerate its rapid expansion in the market."
The company's revolutionary job matching platform, vast network reach, and real-time performance management capabilities outperform traditional job boards and job aggregator sites by delivering significantly more qualified applicants for employers and a much more rewarding and engaging experience for job seekers.
"RealMatch's rapid growth continues to validate the company's vision and the market demand for their pioneering technology," added Ronen Nir, General Partner, Carmel Ventures. "We look forward to our continued support in the company." Carmel Ventures made its initial investment in RealMatch in 2010.
"We are very excited to have the opportunity to invest in RealMatch at this stage of the company's growth," said William Bishop, Managing Director and Co-Head, Orix Ventures. "We immediately realized the immense value RealMatch brings to the lucrative online recruitment market and the company's potential to disrupt the market."
When asked how the company will use the funds, RealMatch's Chief Financial Officer, Ezra Sofer, stated that the proceeds of this round will be used to support growth in all fields of operations including investment in new products and services to meet the demand for existing and new channels.
RealMatch offers digital publishers a superior way to engage and monetize their audiences with its revolutionary white-label recruitment advertising solution that is transforming the $19 billion online recruitment industry. RealMatch's performance-oriented solution is built on the industry's most advanced job matching technology and features predictive performance algorithms and real-time performance monitoring capabilities that automatically create and optimize ad distribution campaigns across the company's vast recruitment ad network called TheJobNetwork™. RealMatch's innovative technology and vast reach to talent across the Web produce unrivaled posting performance and candidate engagement, allowing digital publishers who partner with RealMatch to significantly increase their ad revenue and gain a competitive advantage in their communities with online recruitment.
About Edison Partners
For 28 years, Edison Partners has been helping CEOs and their executive teams navigate the entrepreneurial journey to becoming successful companies. Through the unique combination of expansion capital and the Edison Edge platform, consisting of strategic advisory, the Edison Director Network, and executive education, Edison employs a holistic approach to nurturing invention and creating value for growth stage businesses ($5 to $20 million in revenue) in financial technology, healthcare IT, enterprise IT, and interactive marketing industries. Edison investment objectives also include: buyouts, recapitalizations, spinouts and secondary stock purchases.
The Edison portfolio has created aggregate market value exceeding $5 billion. Its long-tenured team, based in Lawrenceville, NJ, New York, NY, McLean, VA and Cleveland, OH, manages $928 million in assets throughout the eastern United States.
About Carmel Ventures
With over $800 million currently under management, many successful exits, and a growing portfolio of promising start-ups, Carmel is among Israel's top-tier venture capital funds. Founded in 2000 by pioneers and leaders of the Israeli high tech industry, Carmel provides significant capital and active, hands-on support through the growth cycle of its portfolio companies and is recognized as a true company-building fund in Israel. Carmel, headquartered in Herzliya, is a member of the Viola Group, Israel's premier technology focused Private Equity group with $2B under management. For more information, please visit www.carmelventures.com and our new blog: www.viola-notes.com.
About Orix Ventures
ORIX Ventures is dedicated to supporting high-growth companies with a range of debt and equity products and is capable of leading debt or private equity transactions with total commitments as high as $50 million. Since its inception in 2001, ORIX Ventures has invested more than $1.3 billion across more than 120 growth companies throughout the U.S. and Canada. ORIX Ventures is a subsidiary of ORIX USA, a Dallas-based financial services firm with more than 1,400 employees and principal offices in Atlanta; Chicago; Hartford, Conn.; Los Angeles; Minneapolis; New York; San Francisco; Seattle; Washington, D.C.; Frankfurt, Germany; London; and Paris. ORIX USA holds approximately $7 billion of assets and manages an additional $30 billion, approximately. ORIX USA is a wholly owned subsidiary of ORIX Corporation, a Tokyo-based, publicly-owned international financial services company with operations in 36 countries and regions worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX). For more information on ORIX USA, visit www.orix.com.
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