Baltimore-based JMI Equity led a $31M round for Yello - Technical.ly Baltimore

Growth

Jun. 23, 2017 11:37 am

Baltimore-based JMI Equity led a $31M round for Yello

The investment firm focused on growth stage is backing a talent acquisition platform.
Looking up in Harbor East.

Looking up in Harbor East.

(photo by Wikimedia Commons user Bohemian Baltimore, obtained under a Creative Commons license.)

A growth-stage investment round for a hiring-focused software company was led by Harbor East-based JMI Equity.

Yello, which makes a platform to provide talent recruiters with tech tools to use throughout the hiring process, raised a $31 million Series C, the company said this week. With the funding, the Chicago-based company plans to do some hiring of its own.

“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,” JMI Equity General Partner Peter Arrowsmith said.

Arrowsmith will join Yello’s board of directors with the deal.

JMI Equity, which also has offices in San Diego, is a 25-year-old firm focused on growth equity investments in software companies. The firm closed on a $1 billion fund in 2014, which was its largest to date.

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