Learn about us

Careerminds Receives Venture Capital Funding

Raymond Lee

Careerminds Group, Inc., a North American provider of web-based outplacement and career transition services is pleased to announce it has secured venture capital funding from Innovation Ventures, L.P.

Led by Wilmington, Del.-based Innovation Ventures, the Company had its first closing on an $800,000 Series A round of institutional funding following a yearlong track record of growth in its industry. The Company intends to use the proceeds for sales and marketing development, technology and core-platform enhancements, and general working capital.

“Careerminds is a very innovative and competitive company in the outplacement space,” said David Freschman, Managing Principal at Innovation Capital Advisors, LLC. “Its team, products, and strategy are exactly what we look for when we invest in promising and progressive companies. We’re impressed by its ability to become revenue positive and profitable at this early stage in its growth. We believe Careerminds has a bright future and we’re pleased to be an ally with them as they continue to execute.”

“Receiving venture capital within this difficult economy is a milestone for us and we believe is a testament to our sound business model,” said Careerminds CEO Raymond Lee. “Going forward, our focus is squarely on providing the most affordable, effective, and convenientoutplacement service in the industry and our relationship with Innovation Ventures allows us to move forward rapidly to achieve that goal. We’re excited to have Innovation Ventures as our lead investor.”

About Innovation Ventures, LLC

Innovation Ventures, L.P. is an SBIC venture capital fund focused on growth and early-stage investments in the areas of chemicals and materials; electronic materials and devices; information technology; nanotechnology; software; biotechnology (excluding human therapeutics); and business information services related to the legal, financial services and manufacturing industries. IV invests in enterprises located primarily on the East Coast, with a particular emphasis on the Mid-Atlantic region—Pennsylvania, Delaware, and New Jersey.

For more information about Innovation Ventures, visit http://www.innovationventures.com

About Careerminds

Careerminds provides strategic solutions to organizations seeking affordable, web-basedoutplacement services. Using a Web 2.0 e-learning platform that delivers affordable, online career transition services, Careerminds provides a high-tech and high-touch blend of on-demand career transition education supported by senior-level career consultants to help displaced workers reenter the workforce quickly.

For more information about Careerminds, visit: http://www.careerminds.com

Latest Posts

Global Outplacement: What You Need to Know
Choosing a global outplacement provider can be a daunting task. What features should a top-notch provider have? What are the differences between different programs? What are the cultural norms in the various countries about the type of services provided?
Read More
What Are the Steps of Voluntary Retirement?
When it comes to voluntary retirement incentives, there is a lot for HR to consider. After all, each organization is different and each individual is different, too, making it hard to find a large, sweeping plan that covers the needs of everyone involved. So what are the steps of voluntary retirement? What can you do to start creating an incentive today?
Read More
When Should Companies Start Succession Planning?
Succession planning involves making sure that all roles at your organization are properly filled with the right talent and that there are no gaps in your workforce when someone steps down via retirement or any other type of offboarding.
Read More