Austin HR Tech Company TalentGuard Raises $4 Million to Accelerate Growth, Appoints Key Executives to Board
$4 Million Series B led by LiveOak Venture Partners will accelerate product innovation and expand global sales and marketing
TalentGuard, an award-winning leader in career pathing and talent management software and solutions, announced it has raised $4 Million in a Series B round of financing led by LiveOak Venture Partners of Austin, Texas. The capital in this round will be used for funding strategic growth initiatives, including global sales and marketing expansion, and the acceleration of product innovation. TalentGuard will leverage artificial intelligence to help companies attract and engage employees in personalized career experiences.
“We’ve tracked TalentGuard over the years and have been blown away by their incredible grit and tenacity to create a comprehensive talent management platform and by their success with numerous blue chip F500 companies”
Founded in 2010 by Linda Ginac, a leader in the field of career development for over 20 years, TalentGuard has grown to 80+ customers, including Fortune 500 companies. With the skills economy becoming more competitive in recent years, organizations face a talent crisis to reskill their employees, shifting their focus to career development and internal mobility, and away from traditional HR practices. TalentGuard’s unified talent management suite addresses this key issue by aligning employees’ career aspirations with business-critical challenges to close skill gaps and retain talent.
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“We are excited to have LiveOak Venture Partners as our lead investor. They’ve provided us with expert advice and guidance over the past few years, so it was a natural next step to partner with them as investors,” said Linda Ginac, CEO and Founder of TalentGuard. “They have a strong track record as enterprise software and technology investors, experience with global SaaS businesses, and closely align with our values. This partnership with LiveOak will help us to enhance our talent management platform, accelerate growth in international markets and expand our team.”
“We’ve tracked TalentGuard over the years and have been blown away by their incredible grit and tenacity to create a comprehensive talent management platform and by their success with numerous blue chip F500 companies,” stated Krishna Srinivasan, founding Partner at LiveOak. “We are excited to help catalyze the creation of the next category leader in this space.”
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As part of this round, TalentGuard adds key executives to its Board of Directors, including former Spredfast CEO, Rod Favaron, Horizon Bank Chairman and former CFO of Dell, James M. Schneider, and Founding Partner of LiveOak Venture Partners, Krishna Srinivasan.
“I am excited to work with Linda and her team. I’ve known her for many years since our time at pcOrder together and greatly admire her passion and dedication to make an impact in this space. TalentGuard’s solution provides the critical capabilities all companies need to manage a modern workforce,” said board member and former Spredfast CEO, Rod Favaron.
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