Boston’s human resources software company Erecruit announced on Wednesday that it has raised $25 million in its first-ever funding round from local firm North Bridge Venture Partners.
The Downtown Boston company spins out software and vendor management systems for large staffing firms. The growth round will be used to expand Erecruit’s own team, as well as further invest in product innovation.
Erecruit Co-founder and co-chief executive Judd Hoffman said in a statement that the funding round will keep up the company’s momentum after coming off of triple-digit annual revenue growth over the past few years.
"Erecruit is leading the way with a differentiated enterprise-ready, cloud-based, enterprise staffing software and VMS," said North Bridge general partner Jim Moran in a statement. "We're excited to partner with Erecruit and believe they are very well positioned with disruptive technology and exceptional customer satisfaction to capitalize on an expanding market opportunity and become the market leader in the staffing industry."
Ecruit was founded in 1996 by Hoffman and Danko Fatovic.
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