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CareerArc Raises $30 Million in Growth Equity Round to Fund Product Expansion, Sales & Marketing

Accelerating our growth, expanding product offerings, and strengthening our market position.

We are thrilled to announce that CareerArc has raised $30 million in growth funding led by PeakEquity Partners to support continued product innovation and expansion, as well as accelerate sales and marketing growth.

Uniquely positioned in a multi-billion dollar HR technology market as the sole provider of both social recruiting and outplacements solutions, we at CareerArc are excited to share this news with our clients and community—many of whom have been with us since the start of our journey in 2009.

“This investment and the support of the team at PeakEquity Partners will allow us to accelerate our growth, expand product offerings, and strengthen our market position. PeakEquity has a broad set of strategic and operational experience in building software companies that will be valuable as we continue to execute on our vision and take CareerArc to the next level.”

Robin D. Richards, CareerArc CEO and Co-Founder

“We believe this transaction will enable CareerArc to build on its long history of providing innovative HR technology solutions, leverage its strong SaaS technology platform, and continue to grow share in a multi-billion dollar addressable market.” – Ric Andersen, Partner of PeakEquity Partners

We look ahead with renewed commitment to our mission of empowering employers and employees with best-in-class tools that amplify and protect employer brand, and enhance end-to-end the complete employment lifecycle for all.

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