PeakEquity Partners led a $30 million investment in CareerArc Group, a leading HR technology company, to support its growth and product innovation within a rapidly expanding market.

Information on the Target

CareerArc Group, established in 2009, is a prominent HR technology company based in Burbank, California, with an additional office in Boston, Massachusetts. The company specializes in offering innovative social recruiting and virtual outplacement solutions, which help enterprise clients enhance their employment brand while effectively managing workforce transitions. CareerArc serves thousands of organizations, including many Fortune 500 companies, providing them with the necessary tools to amplify their presence in the job market.

The organization's Social Recruiting solutions enable firms to disseminate job postings across various social media channels, develop shareable content, and analyze campaign performance. Meanwhile, its Virtual Outplacement services equip employees with essential resources such as resume development, skills assessments, job matching, and on-demand career coaching, addressing critical points in the employment journey where the employer brand is often put to the test.

Industry Overview in the Target’s Specific Country

The HR technology market in the United States is witnessing substantial growth, driven by increased demand for innovative solutions that streamline recruitment processes and enhance employee transit