Kansas-based education technology company Netchemia announced that it raised $6.5 million from the growth equity firm Mainsail Partners to help expand its line of K–12 talent-management software products, according to a company press release.
Netchemia began in Kansas City in 2001 and its services have already been used by K–12 school districts in 42 states. In the release, Netchemia says that the majority of the $6.5 million will be used to “enhance and expand” its educational product offerings.
Netchemia’s TalentEd Recruit and Hire software is a cloud-based software-as-a-service (SaaS) platform that can be implemented in school districts of any size with a minimal amount of IT dependency. SaaS allows organizations to use the software without having to put out a major investment to own the software. Instead of buying any expensive hardware, they can just pay a fee for using the service.
Netchemia co-founder and CEO Carlos Antequera said that talent management in education is “fundamental” to increasing student achievement and improving schools. “As the value of talent management becomes more evident to educators, there is increased momentum in the marketplace to make a difference,” he said in the release. The company currently offers school management solutions to help in the hiring process and performance evaluation.
Netchemia’s Recruit and Hire software promises to help school districts of any size with the difficult and important process of hiring new teachers and staff. According to their company website, the hiring software helps small districts attract a larger pool of job candidates without doing any more work. It also helps larger districts through the complex hiring process with such tools as Job Fair Management and Advanced Report Wizard.
The platform is already being used by more than 1,000 K–12 school districts, ranging from tiny districts with just 100 students to larger districts with tens of thousands of students.
Mainsail Partners is an equity firm based in San Francisco that focuses on companies with high growth potential that have not received outside investment. Antequera says the investment money will allow him to expand Netchemia’s teams in every area of the company, including product development, client success and marketing.
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