Chicago-based Yello, a provider of recruitment software, has raised $31 million in Series C funding. JMI Equity led the round with participation from previous backer First Analysis. In addition to the funding, Peter Arrowsmith, a general partner at JMI Equity, has been appointed to Yello’s board of directors.
Chicago, IL – June 21, 2017 – Yello, the leading talent acquisition software company, today announced the close of a $31 million series C funding round, led by JMI Equity with participation from previous investor, First Analysis. Yello will use the new funds to accelerate the growth of its talent acquisition platform.
“The candidate experience should be at the forefront of every recruitment process,” said Jason Weingarten, co-founder and CEO of Yello. “Yello is pioneering change to humanize the candidate experience by enabling companies to provide unprecedented speed and transparency throughout the candidate journey. We are fortunate that preeminent companies continue to trust Yello to lead the way and partnering with JMI will only enhance our leadership position.”
Peter Arrowsmith, general partner from JMI Equity, will join Yello’s Board of Directors. “Yello is a trailblazer in helping enterprises solve critical pain points around recruiting and talent management,” said Arrowsmith. “We are impressed with the customer feedback on Yello’s innovative, cloud-based solution and the Company’s reputation for outstanding customer service. We look forward to partnering with the Yello team to help drive the next phase of growth and success.”
Yello’s platform allows organizations, including Fortune 500 companies and many high-growth businesses, to complete all recruitment marketing and operations activities with a single solution to attract, engage, and nurture top candidates. The product suite, which includes Talent Relationship Management, Interview Scheduling, Campus Recruiting, Event Management, Evaluation Management, Video Interviewing, Mobile Apps, and Referrals, converts candidates to employees while providing insights and metrics to optimize recruiting operations. Yello’s talent acquisition software can be leveraged on a standalone basis or seamlessly integrated with customers’ existing HRIS and ATS to manage the full candidate lifecycle and eliminate gaps in the recruitment process.
Dan Bartfield, co-founder and President of Yello added, “This investment is a big win for Yello clients, our incredible employees, and the City of Chicago. 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 enables companies to humanize the candidate experience. Yello’s talent acquisition platform empowers recruiting departments to provide unprecedented speed and transparency throughout the candidate journey. Founded in 2008, Yello supports hundreds of organizations globally by serving as a key strategic partner in optimizing their recruiting operations and talent relationship management. For more information please visit yello.co.
About JMI Equity
JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 130 businesses in its target markets, successfully completed over 85 exits, and raised more than $3 billion of committed capital. JMI partners with exceptional management teams to help build their companies into industry leaders. For more information, visit www.jmi.com.
About First Analysis
First Analysis has one of the longest records (30+ years) in venture capital investing and has invested more than $750 million across 12 funds in three fund families. First Analysis uses its integrative research process to uncover and leverage the best opportunities in emerging high-growth segments in technology and healthcare for the benefit of the investors and growth companies it serves, as well as our broader society and environment. Integrative research draws heavily on our relationships with private companies and unifies naturally divergent perspectives, capabilities, skillsets, and relationships, yielding a deep, comprehensive understanding of each segment’s near-term and long-term potential. First Analysis helps established companies become profitable leaders in large markets, funding growth plans and working closely with management in areas including strategy, recruitment, sales and marketing, and corporate development. Its flexible approach targets investing $3-10 million as lead investor or as a syndicate partner, bringing valuable perspective.