Chicago-based tech-recruitment platform Built In has recently announced a successful $22 million funding round that will be put towards both talent and location expansions.
The tech company announced Tuesday that it raised $22 million in a Series C round led by Updata Partners, a venture capital firm in Washington, D.C. Chicago-based MATH Venture Partners also participated in the round, as it has been a consistent investor in Built In since 2015.
As part of the deal, Updata’s General Partner Carter Griffin is joining Built In’s Board of Directors.
“The market opportunity ahead of Built In is incredibly exciting, based in part on a set of favorable business and macroeconomic trends,” Griffin said in a statement. “In addition to low unemployment and the continued growth of the tech sector, more companies than ever are undergoing digital transformations to stay competitive.”
With this latest financing, Built In has now raised nearly $30 million in total, according to data from Crunchbase. And according to Pitchbook, Built In’s Series C round is the second-largest round of funding raised by a Chicago tech company led by a woman CEO.
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