Recruitmax Secures $17.2 Million in Funding; Series A Financing Round Led by QuestMark and Tudor

Funding Rounds

▤ Summary

Recruitmax, a leading global provider of workforce management solutions, today announced that it has received $17.2 million in a funding round co-led by QuestMark Partners and Tudor Ventures. Recruitmax will use the funding to add new products to its suite of strategic workforce management software solutions, expand its international operations and continue the rapid growth that it has seen over the past several quarters. "We are impressed with the expertise and vision of Recruitmaxs management team and the culture they have created," said Carmen Scarpa, Partner at Tudor Ventures Group in Boston. "Recruitmaxs ability to understand its clients business processes and deliver innovative and effective solutions that conform to their needs has positioned the firm as a leader in a rapidly growing market." It invests in emerging growth companies with exceptional management teams and proven products and services, addressing Internet technology, communications, healthcare and consumer markets.

$ Funding

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Amount $17.2M Total raised
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Date November 12, 2003 Announcement date
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Investors Microsoft Accelerator - Tel Aviv, Mozilla Foundation, Greenspring Associates, QuestMark Partners, Tudor Growth Equity Lead investors
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Company http://www.recruitmax.com Funded company

▥ Classifications

industries
Media and Publishing
applications
Anti Piracy

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▦ Linked Companies

Mozilla
$250M to $500M