{"id":648477,"date":"2013-03-22T15:22:46","date_gmt":"2013-03-22T19:22:46","guid":{"rendered":"https:\/\/www.pehub.com\/?p=192380"},"modified":"2013-03-22T15:22:46","modified_gmt":"2013-03-22T19:22:46","slug":"clearfit-raises-7m-from-grandbanks-relay-ventures","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/648477","title":{"rendered":"ClearFit Raises $7M From GrandBanks & Relay Ventures"},"content":{"rendered":"

\"\"<\/a>ClearFit Inc.<\/strong>, a developer of human resources software for the construction, retail, restaurant, hospitality, and franchise industries, has raised C$7 million in Series A financing from GrandBanks Capital<\/strong> and Relay Ventures<\/strong>. ClearFit, which has offices in San Francisco and Toronto,\u00a0previously raised C$1.7 million in late 2012 from Relay and a group of Toronto-based investors.<\/p>\n

PRESS RELEASE<\/p>\n

ClearFit Secures $7 Million in Series A Funding<\/strong><\/p>\n

Funding from GrandBanks Capital and Relay Ventures will help ClearFit to grow team and fix North America\u2019s hiring problem for the construction, retail, restaurant, hospitality, and franchise industries.<\/p>\n

TORONTO \u2013 March 21, 2013 \u2013 ClearFit, the company that makes it easy for organizations to find and hire the best person, has closed a $7 million Series A round of funding from GrandBanks Capital and Relay Ventures.<\/p>\n

Over eight thousand businesses use ClearFit. The company offers a free trial that can be set up in a quarter of the time of a traditional job posting, then \u2014 with partners like Monster.com and CareerBuilder \u2014 helps find candidates. ClearFit\u2019s patented software then uses data analysis to predict employment success five times better than traditional hiring, all included in the cost of a regular job posting.<\/p>\n

Tim Wright, partner with GrandBanks Capital, will join the ClearFit board. Wright has over twenty years of operating experience in various technology industries and his significant operational experience and work in the human capital management (HCM) space offer strategic alignment with ClearFit\u2019s focus on small businesses.<\/p>\n

\u201cSmall businesses are inadequately served by large, enterprise hiring software. ClearFit puts enterprise-class capabilities within reach and tailors them directly to the needs of small business owners,\u201d said Tim Wright, partner with GrandBanks Capital. \u201cThey are addressing a massive sector of the economy that does not have a capable solution.\u201d<\/p>\n

ClearFit addresses a $60 billion underserved market, delivering a tailored hiring solution to construction, retail, restaurant, hospitality, and franchise customers. The company previously raised $1.7 million in late 2012 with investments from Relay Ventures and a group of prominent Toronto investors.<\/p>\n

\u201cWe\u2019ve experienced incredible growth this year and we\u2019re scaling ClearFit to keep up with demand,\u201d said Jamie Schneiderman, co-founder of ClearFit. \u201cScaling this quickly would be impossible without our own product to help us find the best people for our culture.\u201d<\/p>\n

ClearFit is building a unique organizational structure, designed to appeal to entrepreneurial talent. According to Ben Baldwin, co-founder of ClearFit, \u201can increasing number of enterprising young people are choosing incubators and accelerators over continuing school or traditional entry level jobs. We\u2019re attracting this talent by allowing young entrepreneurs to run a vertical business within ClearFit.\u201d<\/p>\n

Photo courtesy of Shutterstock<\/a>.<\/em><\/p>\n

The post ClearFit Raises $7M From GrandBanks & Relay Ventures<\/a> appeared first on peHUB<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

ClearFit Inc., a developer of human resources software for the construction, retail, restaurant, hospitality, and franchise industries, has raised C$7 million in Series A financing from GrandBanks Capital and Relay Ventures. ClearFit, which has offices in San Francisco and Toronto,\u00a0previously raised C$1.7 million in late 2012 from Relay and a group of Toronto-based investors. PRESS […]<\/p>\n","protected":false},"author":7824,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-648477","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/648477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7824"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=648477"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/648477\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=648477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=648477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=648477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}