Recsolu Announces $6M Series A
CHICAGO, IL, Provider of software-as-a-service solutions for recruiting college talent, announced today the closing of a $6 million Series A funding.
Recsolu, a provider of software-as-a-service solutions for recruiting college talent, announced today the closing of a $6 million Series A funding. The financing will enable Recsolu to expand its leading share in the college graduate recruiting market, as well as extend its offerings to the broader professional recruiting market. Investors include First Analysis and previous investor, Generations Capital.
Founded by Jason Weingarten and Dan Bartfield in 2008, Recsolu's platform automates key choke points in the recruiting process, including collecting candidate information and resumes, marketing job openings to prospective hires, scheduling and conducting interviews, and aggregating and sharing evaluations. Recsolu is the leader in the campus, diversity, and event-based recruiting space, with a mobile solution that allows employers to seamlessly manage the entire process of recruiting talent from colleges and universities. The company offers a robust event management and scheduling platform, a candidate relationship management system, and a marketing automation platform.
'This is a big day for our team and client partners,' said Jason Weingarten, Co-Founder and CEO of Recsolu. 'Our engineers, support, product and sales teams have worked amazingly hard to help us get to this point. Our clients have been incredibly supportive in working together to provide them the tools and insights needed to perform their jobs more efficiently and effectively.'
'We're thrilled to add a respected firm like First Analysis to the fold,' added Recsolu COO and Co-founder Dan Bartfield. 'We look forward to leveraging their investment and expertise to build our product, sales, and service teams and offer customers more options in the professional recruiting space.'
Recsolu is based in Chicago and is growing exponentially, with a customer roster that includes more than 50 Fortune 500 companies. The Series A investment will help the company add talent to grow its platform and to service its expanding customer base.
Recsolu is the leading web and mobile recruitment software and services company. Since its founding in 2008, Recsolu has established client partnerships with more than 100 major employers globally to support their talent sourcing and recruiting strategies. For more information about Recsolu's suite of products and solutions, please visit http://www.recsolu.com.
About First Analysis
First Analysis has one of the longest records (29 years) in private capital investing and has invested more than $700 million across 12 funds in three fund families. First Analysis invests in high-growth sectors where its expertise and differentiated research approach drive success: health care, technology/SaaS, services, and clean-tech/chemicals. First Analysis helps established companies become profitable leaders in large markets, funding growth plans and working closely with management in areas including strategy, recruitment, sales and marketing, and corporate development. Its flexible approach targets investing $3-10 million as lead investor or as a syndicate partner who brings valuable perspective to the table.
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