Progress Partners

Investment Banking

Progress Partners is a boutique investment firm based in Boston and New York City providing financial advisory services to companies in media, marketing, advertising, and software.

E-recruiter RealMatch scores $4.7M in funding and a Monster CEO

To create a job search service that is based more on the way dating sites match people

Riley McDermid, Venturebeat.com - November 15, 2010

*Progress Partners served as financial advisor to RealMatch to secure funding

E-recruiting company RealMatch scored two major coups Monday, swooping up $4.7 million in second round venture capital funding, and a new CEO who was previously a senior vice president at rival Monster.com.

This Series B funding round was led by New Jersey-based Carmel Ventures with additional help from existing RealMatch German investors Baytech Ventures. As part of the deal, Carmel partner Ronen Nir will now join RealMatch's board of directors.

"We have been following RealMatch's progress for more than two years, and were highly impressed with the innovation of both technology and business model," said Nir. "The company has managed to grow and create significant traction and revenue growth. With the addition of Marcel Legrand, RealMatch has the necessary expertise, track record and passion that is required for the next phase of growth and for completely transforming the $10B market of the recruiting industry."

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