RealMatch Secures $4.7 Million in Financing Led by Carmel Ventures

EAST BRUNSWICK, N.J., Nov. 15, 2010 /PRNewswire/ -- RealMatch, a revolutionary Ad Network for e-recruiting, today announced it closed a $4.7 million Series B financing round led by Carmel Ventures with follow-on investment from existing investors Baytech Ventures (Germany). The investment will be used to expand sales and marketing activities in the US. As part of the round, Marcel Legrand, a former SVP in Monster.com has joined the company as CEO.  Additionally, Ronen Nir, partner at Carmel Ventures, joined RealMatch's board of directors.  

Founded in 2007, RealMatch is the first in kind Ad Network for employment, delivering unprecedented results for job seekers and employers.  In combination with its adaptive matching technology, RealMatch deploys one of the largest and widest distributed networks of partners resulting in greater reach, choice and improved quality for all.   Finally, in an effort to better serve its customers, RealMatch delivers a NO RISK business model.  Employers post jobs across the network for FREE.   Only after reviewing their group of matching applicants & resumes are they offered to purchase the results for a very reasonable fee.  This true Pay-for-Performance model shifts the burden of performance away from the customer.  

Marcel Legrand, the new CEO of RealMatch comes from Monster.com where he served in various senior positions including SVP Product Development and SVP Strategy and Corporate Development. Legrand brings with him proven leadership skills and impressive track record in building real global businesses.

"RealMatch has a breakthrough offering that can really change the e-recruitment industry," said Marcel Legrand, RealMatch's new CEO. "Our disruptive solution offers a much better user experience, wider reach and better results that save a lot of time and money to both job seekers and employers. I believe the company has the talent and technology to capitalize on this compelling market opportunity."

"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 Ronen Nir from Carmel Ventures. "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."

About RealMatch

RealMatch, founded in 2007 by Gal Almog, created a platform that provides employers and job seekers a better way to connect. Like a fingerprint, every working person has acquired a unique set of skills from a variety of jobs and careers. RealMatch has changed the landscape of online recruitment by introducing Real-Time Job Matching ™, a technology that allows employers and job seekers to specifically define themselves, their needs and their preferences. By utilizing RealMatch's taxonomy of titles and skills, keyword search technology is eliminated from the process and job seekers and employers can be precisely matched. Whether white collar, blue collar or no collar, RealMatch more efficiently connects employers and job seekers.

For more details visit: www.realmatch.com  

About Carmel Ventures

With over $600 million currently under management, several successful exits, and a growing portfolio of promising start-ups, Carmel is among Israel's top-tier venture capital funds. Carmel's investments are focused primarily on early stage companies in the fields of Software, Communications, Internet, Media, Semiconductors, and Consumer Electronics. Founded in 2000 by pioneers and leaders of the Israeli high tech industry, Carmel provides significant capital and active, hands-on support through the growth cycle of its portfolio companies and is recognized as a true company building fund in Israel. Carmel, headquartered in Herzliya, Israel enjoys a worldwide network of industry, strategic and investment resources.

Carmel is an affiliate of the Viola Group, a leading innovative private equity investment group with $2B under management focused on technology-based investment opportunities in Israel.

For more details visit: www.carmelventures.com

SOURCE RealMatch