Chicago startup Yello just snagged a large round of funding to help businesses make better hiring decisions.
Yello announced Wednesday that it has raised a $31 million series C round of funding led by JMI Equity, with participation from existing investor First Analysis. The company said it plans to use the funds to grow its talent acquisition platform.
Founded in 2008, Yello has now raised more than $46 million. The company works with Fortune 500s and other large corporations by giving them resources to find and contact top talent. Its clients include Johnson & Johnson, Aramark and BP.
“This investment is a big win for Yello clients, our incredible employees, and the City of Chicago," Dan Bartfield, co-founder and President of Yello, said in a statement. "We will create many new jobs throughout the organization to further support and champion the success of our clients as they work to hire the best talent for their organizations.”
Yello has around 130 employees in Chicago, according to Forbes, which is up from just 30 two years ago. The company provides end-to-end resources that help businesses turn candidates into employees, offering tools like talent relationship management, interview scheduling, video interviewing and more.
“The candidate experience should be at the forefront of every recruitment process,” Jason Weingarten, co-founder and CEO of Yello, added in the news release. “Yello is pioneering change to humanize the candidate experience by enabling companies to provide unprecedented speed and transparency throughout the candidate journey."
Yello, previously named Recsolu, began by helping businesses automate aspects of the on-campus recruitment process. The company rebranded in 2015 as it expanded beyond the undergrad recruiting space.
As part of the new investment, Peter Arrowsmith, general partner at JMI Equity, will join Yello’s Board of Directors.
Image via Yello
