RealTime IT News

Career Central Gets Funding Boost

Career Central Corp. in Palo Alto, CA, an electronic recruitment and career services company, said it has closed nearly $10 million in a new round of financing.

Investors include Technology Crossover Ventures, as well as existing investors Softbank Ventures, IDG Ventures, Allen & Company and Arthur Rock & Company. No financial breakdown was provided.

Jay Hoag, general partner of Technology Crossover Ventures and Bradley Feld, general partner of SOFTBANK Technology Ventures will join the Career Central board of directors.

Career Central clients include @Home, Amazon.com, Booz-Allen, Home Depot, Netscape Communications and Starbucks Coffee.

Neither a resume database nor a recruiting Web site, Career Central guarantees employers at least five to 10 resumes of qualified and interested candidates in five business days, at a fraction of a headhunter's fees. Using its proprietary JobCast e-mail technology, Career Central sends the job description to each individual from its extensive pool of candidates who meets the specifications provided by the company. Interested candidates reply via e-mail and attach a current resume.

The service is free for business professionals and software developers. Companies pay $2,995 per search for business professionals and software developers, with a guarantee of at least five resumes for developer searches and at least 10 resumes for MBA searches.

"Our decision to support Career Central is testament to the fact that this company is in the right market, at the right time, with the right technology and services," said Hoag, partner of Technology Crossover Ventures. "Career Central has identified a solution to the increasingly difficult problem of finding the best people for the job."