“Total Recruitment Marketing” company SmashFly has just raised a $9M Series A led by OpenView Venture Partners. The funding will go towards accelerating growth and capitalizing on the shift in how companies acquire talent nowadays. SmashFly seems to have really exceeded their metrics with a 236% increase in sales year over year. While they may not have a massive annual revenue base at this point (OpenView likes to invest in companies with $2-$20M in annual revenue), if we here at C:V. know anything about successful investments, SmashFly is definitely on the right path!
Funding to Date: $9M ($9M Series A)
Deal Notables: Less on SmashFly and more on the lead investor….OpenView has a pretty unique model as far as VC firms go in that they have a specific charter as a firm (high-growth, scale-ready, B2B SaaS) but also have a dedicated group, OpenView Labs, that acts as an operational consultant to OpenView’s portfolio companies. When a company with product-market-fit is looking to scale, we can only imagine how invaluable Labs must be in terms of providing structure and process to the company vision. Needless to say, we are intrigued by the concept! Learn more about Labs here!
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