VC-backed Bolt HR grabs funding

Bolt HR said Wednesday that it has received undisclosed funding from an unidentified New York City-based private equity fund. According to Bolt HR, the capital will be used for staffing and development. Also, the company has named Eric Fleming as chief technology officer. Based in Jacksonville, Florida, Bolt HR is a provider of human resources solutions for the small and medium business market. Its backers include Metro Global Ventures.

PRESS RELEASE

December 04, 2013 10:15 AM Eastern Standard Time
NEW YORK–(BUSINESS WIRE)–Bolt HR LLC, a venture backed provider of human resources support technology announced the close of a significant investment round from a New York City based boutique private equity fund. The round was filled by the one investor, and the fund made a commitment to funding the long term development of the company. Bolt HR plans to use the capital to significantly expand its development and staffing efforts in advance of a Q1 product launch. Prior to this investment, Bolt HR had received earlier funding from Metro Global Ventures.
Founded in early 2013, Bolt HR has been developing human resource support software for the small and medium business market and has had their flagship product in a private beta since Q3 of 2013. The company is aiming to reshape the way that growing businesses identify, screen and hire talent. Bolt HR is looking forward to launching its unique technology offering that has been developed by, and for, small business owners.
In addition to securing this recent investment round, Bolt HR is pleased to announce the hiring of Eric Fleming as Chief Technology Officer. Eric comes to Bolt HR with prior senior engineering experience at Path.To, Taleo and Vurv. “Eric is a visionary and solid addition to our technology team. We are thrilled to have him join the management team,” said Michael Hagler, Chief Operating Officer of Bolt HR.
In the coming months Bolt HR is looking to continue adding to the technical staff and is actively hiring in Jacksonville, Florida, and expects to open several new offices and announce additional key hires over the coming weeks.
ABOUT BOLT HR
Founded in early 2013 and based in Jacksonville, Florida, Bolt HR is an exciting venture backed human resources technology company developing human resource support software for the small and medium business market. The company’s flagship product is aiming to reshape the way that growing businesses identify, screen and hire talent.
www.BoltHR.com

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