Hireology Raises $27 million in Series D Funding

Chicago tech company Hireology announced today that it has closed a $27 million Series D round, $12 million of which was in equity, invested by Blue Cloud Ventures, Bain Capital Ventures and Baird Venture Partners, with the remaining $15 million being money raised in debt financing from Silicon Valley Bank.

Hireology says it has now raised more than $60 million in equity and debt funding to date and has more than 6,500 customers across professional and consumer service industries, such as car dealerships, hotels, spas, and gyms.

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.