Chicago tech company Hireology just raised a new round of funding as it grows its recruitment management platform business.
The startup announced Friday that it has closed a $27 million Series D round, $12 million of which was in equity, with the remaining $15 million being money raised in debt financing from Silicon Valley Bank, said Hireology Co-Founder and CEO Adam Robinson. The $12 million in equity was invested by Blue Cloud Ventures, Bain Capital Ventures and Baird Venture Partners.
Hireology says it has now raised more than $60 million in equity and debt funding to date.
The company, founded in 2010, provides technology to help companies make better hiring decisions by using data and predictive analytics. Hireology now has more than 6,500 customers across professional and consumer service industries, such as car dealerships, hotels, spas and gyms.
“Any brand or manufacturer that operates across hundreds or thousands of field locations ... that’s our customer,” Robinson said. “We have built a dominant position in a few key verticals.”
The new financing will be used to add new features to Hireology's platform and help expand the company in new markets, such as home healthcare.
“Hireology is expanding our product breadth to bring more solutions to our customers that can help them self-generate more job applicants for their open positions,” Robinson said.
The tech company employs about 200 people in its Loop offices, up from 150 a year ago, Robinson said. Hireology is also currently hiring, with more than 20 open positions across its sales, customer success, operations and engineering departments.
