Hireology, the Chicago-based startup that takes some of the guesswork out of screening job applicants, announced on Friday that it has raised $27 million in funding.
Founded in 2011, Hireology mission is based on the understanding that it’s not enough for job candidates to be skilled; they have to fit into their company's culture, too. And finding that fit in a stack of resumes can be time consuming, to say the least.
The Series D round continues the company’s hot streak. Hireology has been growing rapidly, accruing 6,500 customers and hiring on an additional 50 employees in the last year.
Hireology plans to use the latest funding round to expand its hiring platform and grow into new markets. The company specializes in helping decentralized enterprises find and onboard new hires. After building end-to-end hiring platforms for the automotive retail industry, CEO Adam Robinson said this funding round will kick off an expansion into healthcare.
“We’re approaching self-sufficiency and have the opportunity in our market to expand our product breadth and enter into a new market,” Robinson said. “This raise was designed to do both of those things.”
Blue Cloud Ventures led the round, along with existing investors Baird Venture Partners, Bain Capital Ventures and Silicon Valley Bank.
We’re approaching self-sufficiency and have the opportunity in our market to expand our product breadth and enter into a new market.”
Hireology’s recruitment software is meant to boil the hiring process down to a formula. The platform helps companies — especially enterprises in multiple locations — analyze data from their top performing employees to then see how applicants measure up. The goal is to streamline the experience and help employers generate more job applicants.
This funding round brings Hireology's total funding to $60.5 million.