Hireology's $12 million financing tops recent funding news in Chicago

Chicago-based recruiting company Hireology has secured $12 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 12 and financed by Blue Cloud Ventures.

According to its Crunchbase profile, "Hireology is a staffing and hiring platform for the franchise and retail-automotive industries. It was founded on a simple but powerful concept which is by analyzing the behaviors of top-performing employees, organizations can create highly accurate systems for identifying the best candidate for the job. Through its Selection Manager™ platform, Hireology helps decentralized organizations across all industries transform their talent acquisition, leading to better hiring decisions, lower turnover, and increased productivity and profitability at each location."

The nine-year-old company has raised five previous funding rounds, including a $12 million Series C round in 2016.

The round brings total funding raised by Chicago companies in software over the past month to $66 million, and increase of $53 million from the month before. The local software industry has seen 105 funding rounds over the past year, raking in a total of $896 million in venture funding.

In other local funding news, medical device and crowdfunding company Neopenda announced a $1 million seed funding round on April 11.

According to Crunchbase, "At Neopenda, we believe that the most vulnerable patient populations in the world deserve access to high quality health care. We’re a social enterprise startup passionate about improving newborn health in low-resource settings. Our first product, currently being validated in clinical trials in Uganda, is an affordable wireless vital signs monitor for neonates in overcrowded, understaffed health facilities that helps nurses save more lives."

The company also raised a seed round in 2015.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.