Hireology secures $12M, plans to expand into new markets

Chicago based HR software provider, Hireology has raised $12 million in Series C venture capital funding led by Baird Capital. The round was in participation with the existing investors including Bain Capital Ventures and Lightbank. Including the current funds raised, Hireology has raised a total of $25.5 million including an investment of $10 million from Bain Capital Ventures, earlier in 2014. The fresh flow of funds will help the company expand into new markets and boost sales efforts in core areas. In conjunction with the financing, Jim Pavlik, a Partner with Baird Capital will join the board of directors at Hireology. “We are extremely excited to partner with Hireology and its existing investors to help drive the company’s continued growth and leadership in the recruitment technology market. Baird Capital has substantial experience investing in the human capital management sector and was attracted to Hireology’s innovative approach to serving the needs of multi-location organizations in targeted verticals,” says Pavlik. The hiring management platform provides web-based, data-driven hiring management software that allows HR managers make informed hiring decisions by analyzing the behaviors of top-performing employees. It aids companies identify the best candidate for the job and streamline their internal processes. It offers Phone screen guide to managers, enabling them ideal set of questions for phone-interview that presents employee performance in an interview via an automated scoring. Hireology’s Intelligent Hiring Framework, claims the company is used by over 3,000 companies to transform inconsistent and disjointed hiring efforts into a process-driven science and help companies save administrative time and reduce employee turnover. Adam Robinson, Co-Founder and CEO, Hireology, states:

“Hireology is focused on helping business owners succeed, and we do that by transforming talent into a source of strategic competitive advantage. Every day, we wake up focused on helping thousands of companies source, select and hire their best possible teams. I’m honored that these companies choose our solution to help them win in their market.”

“Since launching in 2011, we’ve seen incredible growth as organizations large and small joined our platform to turn hiring into a process anyone can follow. The new funding will help us further develop our product roadmap and bring new brands into the ever-expanding roster of Hireology customers,” adds Robinson.