Fenwick & West LLP represented Accel-KKR, a technology-focused private equity firm with over $2.3 billion in assets under management, in leading the recently announced $11 million growth equity investment in RiseSmart, an enterprise career management solutions that drive employee engagement, improve retention and burnish employer brand. Previous investor Norwest Venture Partners also participated in this round. In addition, Greg Williams, managing director of Accel-KKR, will join RiseSmart’s board of directors.
The funding will enable RiseSmart to rapidly expand its sales and marketing organizations to build market share, enhance and differentiate its next-generation cloud-based outplacement platform and scale its operations. More information about Accel-KKR’s $11M growth equity investment in RiseSmart can be obtained from the company press release.
The Fenwick transaction team was led by corporate partner and chair of the Private Equity Practice Scott Joachim; corporate associates Andrew Albertson and Brian Kelly; and technology transactions partner Stephen Gillespie.