CareerArc, an HR technology provider of social recruiting and outplacement services, raised $30 million in a growth equity round led by private equity firm PeakEquity Partners hrtech news.

CareerArc’s HR software platform enables enterprises to recruit talent, transition their workforce and manage their employer brand. The company, founded in 2009, will use the investment to support product innovation and accelerate sales and marketing efforts hrtech.

“This investment and the support of the team at PeakEquity Partners should allow us to accelerate our growth, expand product offerings, and strengthen our market position,” CareerArc co-founder and CEO Robin Richards said. “PeakEquity has a broad set of strategic and operational experience that will be valuable as we continue to execute on our vision and take CareerArc to the next level.”