AGC Partners Advises erecruit on its $25 Million Minority Capital Raise from North Bridge

AGC Partners is pleased to announce that its client, Erecruit Holdings, LLC (erecruit), the emerging leader in enterprise software and VMS designed for large staffing firms, has secured a $25 million minority investment from North Bridge Growth Equity. With a team led by Ben Howe, AGC Partners acted as sole financial advisor to erecruit.

The growth funding is the first institutional investment in erecruit and will allow erecruit to add to its seasoned team and further invest in product innovation to accelerate client success. erecruit’s highly configurable and intuitive enterprise software platform uniquely solves the increasing demand and complexities of the contingent labor workforce by streamlining staffing firms’ operations.

In order to continue our success and ultimately provide better solutions and service for our clients, we needed an investment banking partner that was highly knowledgeable of our market and business model while having close relationships within the growth equity community. Ben Howe, Elena Marcus and Angus Anderson truly understood the nuances of our business and were able to generate excitement around our story and triple-digit annual revenue growth over the past few years. We look forward to working with AGC on future transactions and appreciate the 24/7 commitment they delivered day-in and day-out. Judd Hoffman, Co-CEO, erecruit