June 25, 2015
Arlington, VA based Brazen just raised $4.7 million, bringing their total investment to date to more than $10 million. The round was led by Osage Venture Partners, with participation from Randstad Innovation Fund. Existing investors Militello Capital and Kegonsa Capital Partners also contributed to the round.
Brazen offers a software-as-a-service platform that allows companies to produce chat-based online events, and other engagement tools to help with recruitment, employee productivity, and operational efficiency.
“Whether it’s for recruiting, retention, marketing, or fundraising, organizations all over the world are finding it more and more difficult to engage their key stakeholders,” said Brazen CEO, Ed Barrientos, in a statement. “Brazen uniquely combines the efficiency of text-based chat with the intentionality that only an event model can deliver. The combination creates powerful one-on-one engagement that really works.”
They currently have over 150 customers including Raytheon and Amtrak. Other organizations such as universities and non-profits (Penn State, Dartmouth, and AmeriCorps among others) are also using the platform to increase alumni engagement, recruit, and build community.
“Chat has become the preferred means of communication both privately and within the workplace,” said Sean Dowling of Osage Partners in the press release. “Brazen’s unique take on using chat to connect people who have never met before, has broad applicability to help organizations connect with customers, employees, and audiences, and we think the company is well positioned to become the leader in an enormous market.”
Brazen's mission is to “fundamentally change the way people find professional opportunities and employees find talent” and they believe that everyone deserve a job they love. Formerly known as Brazen Careerist, they dropped the “Careerist” part when they realized their platform could benefit other organizational relationships beyond just the employer/employee relationship.
Image Credit: Flickr/Daniel Foster
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