PeopleMatter Secures $7.2 Million in Series B Financing Led by Noro-Moseley Partners
Leading
Talent
Management
Provider
for
the
Service
Industry
to
Accelerate
Growth
and
Fuel
Active
Product
Pipelinetics
05/03/2011
CHARLESTON,SC -- PeopleMatter, the fastest growing talent management provider for the service industry, today announced that is has secured $7.2 Million in Series B funding.The round was led by Noro‐Moseley Partners, with participation from previous investors C&B Capital, Intersouth Partners, and Harbert Ventures.
“We’ve done extensive market research on the talent management industry. PeopleMatter’s unconventional platform integrating the consumer, employee and employer in targeted, service‐ based verticals is poised for substantial growth,” said Mike Elliott, Noro‐Moseley Partners Managing Partner who will join the PeopleMatter board of directors. “PeopleMatter is delivering real value to multiple stakeholders and has had overwhelming success with its existing customer base as it continues to rapidly acquire customers.”
While point solutions address specific needs for the salaried workforce, PeopleMatter is the first company to provide a comprehensive talent management solution for service‐industry employers, employees and consumers. Delivered via Software‐as‐a‐Service (SaaS), the PeopleMatter ecosystem brings together HR software tools to hire, schedule, learn and engage the hourly workforce for C‐Stores, Hospitality, Retail and the Foodservice industries from a single, integrated platform.
The
funding
will
allow
PeopleMatter
to
continue
to
expand sales
and
marketing
in
North
America,
continue to fuel
an
active
product
pipeline
that
is
setting
the
agenda
for
the
talent
management
industry,
and
invest
in
operations
and
services
for
customer
success.
“We have seen our business accelerate rapidly as we continue to roll out innovative products for engaging and managing employees in the service industry,” shared Nate DaPore, PeopleMatter Founder, President and CEO. “Our customers in the service‐industry verticals need a fully integrated platform to manage their people which can positively impact their operations and revenue. With Noro‐Moseley’s involvement, as well as the continued support from our existing investors, we’ll be able to take our vision to the next level and continue to set the industry standard with the most innovative and easy‐to‐use talent management platform available.”
PeopleMatter
signed
more
than
1,000
units
in
the
first
quarter
of
2011
alone
since
launching
the
platform
in
September
2010.
First‐quarter
customers
include
companies
such
as
Flash
Foods,
Noodles
and
Company,
Boloco
and
Papa
Gino’s.
“The rapid adoption of PeopleMatter SaaS technologies, which began in the incubator offices of Charleston’s Flagship back in 2009, is so encouraging,” expressed Ernest Andrade, Charleston Digital Corridor Executive Director. “Their additional funding extends the CDC’s mission to further develop Charleston’s economic innovation through technology.”
“PeopleMatter’s
vision
extends
well
beyond
talent
management.
Their
unique
business
model
to
bring
together
consumers,
employers
and
employees
is
raising
the
bar
in
the
industry.
We’ve
seen
PeopleMatter
add
customers
and
scale
their
business
at
an
incredible
rate
while
developing
new
products
and
features
faster
than
any
of
their
competitors.
They
are
creating
a
whole
new
dynamic
for
talent
management
in
the
service
industry,”
said
Wayne
Hunter,
Harbert
Ventures
Managing
Partner.
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