Maybe the VCs at Norwest Venture Partners are feeling particularly bullish about the high-end job market rebounding … The firm has invested in high-end job search site and tech startup RiseSmart again. RiseSmart announced a $4.6 million add-on to the first round of funding it raised last December. Norwest invested $1.8 million this time; new backer Storm Ventures actually led the add-on, investing $2.8 million. Founded in 2007, RiseSmart has raised just over $8.8 million in total.
RiseSmart offers both recruiting and “transition” services for laid-off or otherwise displaced workers; it will use the new money to grow its sales team and for tech development. CEO Sanjay Sathe wouldn’t comment on the company’s profitability, but said RiseSmart had been gaining “real traction” with clients. Most recently, it launched a partnership with the University of Texas at Dallas’ Executive MBA program. Release.