Solvate Raises $4 Million For Talent Search Engine
Summary
Solvate.com, a platform that helps employers and independent professionals find each other and work together in the cloud, has raised $4 million in Series B financing from Michael Paolucci (Solvate’s CEO), RRE Ventures and DFJ Gotham. Solvate is essentially a Talent Search engine that aims to match companies with consultants and freelancers. Businesses can search Solvate’s database for talent and the the startup will provide online time tracking tools and will handle both payment collection and disbursement. Solvate says that the new investment will be used to enhance the company’s user interface and expand its marketplace of clients and talent. Since August 2009, Solvate has facilitated thousands of remote work relationships on its platform.