Progress Partners is pleased to announce that RealMatch (www.realmatch.com), an online recruitment advertising network, has closed a $7M growth equity financing round, lead by Edison Ventures (www.edisonventure.com). Progress Partners acted as advisor to RealMatch in the transaction with Nick MacShane and Davis Rosborough leading the engagement.
In the transaction, Edison provided $6M of capital while existing investor Carmel Ventures (www.carmelventures.com) added to the round. RealMatch plans to use the funds to expand their product offering and accelerate marketing and sales.
RealMatch is revolutionizing the online recruitment industry by building the largest and most effective recruitment advertising network designed to connect employers and job seekers much more efficiently, while helping digital publishers increase revenue and site traffic with online recruitment. RealMatch's white-label solution for digital publishers includes a highly-advanced job site platform, proprietary job matching technology, and performance-based distribution campaigns across its network of thousands of job sites that reaches over 100 million job seekers monthly. RealMatch's solution ensures digital publishers and media companies outperform their competitors on all fronts and earn more with recruitment advertising.
About Edison Ventures
Established in 1986 Edison partners with entrepreneurs, service providers and other financing sources to build successful companies. Edison provides capital and value-added services to later stage ($5 to 20 million revenue), information technology businesses. Initial investments range from $5 to 10 million. Edison typically serves as sole or lead investor. In addition to providing expansion capital, Edison funds management buyouts, recapitalizations, spinouts and secondary stock purchases.
Edison's investment professionals are based in Lawrenceville, NJ, New York, NY, McLean, VA, Needham, MA, and Cleveland, OH. Industry specialties include Financial Technology, Healthcare IT, Interactive Marketing and eCommerce and Enterprise 2.0. Edison's successes include Best Software, Cambridgesoft, Dendrite, Gain Capital, Liberty Tax, M5, Magnetic, Marcam, Mathsoft, MediaBrix, Neat, NetProspex, Octagon, PlumChoice, Tangoe, Virtual Edge, Visual Networks, Vocus and many other information technology leaders, which have a combined market value exceeding $5 billion. Edison Ventures currently manages over $700 million and actively making new investments.
About Progress Partners
Progress Partners is a Boston- and New York-based finance and M&A advisory firm that works with owners and management of emerging growth companies to identify, build and realize business value. Our deep industry expertise, high ethical standards, cultivated relationships, extensive network, and entrepreneurial experience give us the ability to achieve superior results for our clients.
In order to assist Progress Partners with securities transactions, including this transaction, certain Principals of Progress Partners were registered with an unaffiliated FINRA Member broker-dealer.