Mayor Emanuel joined talent acquisition technology firm Yello to announce the doubling of its office space and addition of 100 new employees by the end of 2019. It currently has nearly 200 employees at its 55 E. Monroe Street office space.
“Yello’s office expansion and employee growth is a testament to Chicago’s burgeoning tech and innovation economy,” said Mayor Emanuel said. “Their success is Chicago’s success, and I look forward to seeing their growth in the years come.”
Yello’s talent acquisition platform enables the world’s leading brands to deliver personalized candidate experiences to every job seeker, resulting in quality hires and faster fills. The centralized platform is easy to use, enabling recruiters to collaborate with one another to attract and engage top talent. Key recruiting metrics provide meaningful insights that lead to more informed, data-driven decisions, while staying on budget.
“This ribbon-cutting demonstrates Yello’s transition from a startup business to a high-growth enterprise,” says Jason Weingarten, CEO and co-founder of Yello. “As we continue to grow, we are actively investing in the teams and technology that our clients count on to hire faster. Chicago has been our home for the last 10 years and will continue to be our headquarters as we grow globally.”
Yello had one of Chicago’s 10 largest tech fundings of 2017, with $31 million raised. Chicago startups offer the highest venture capital returns out of any other U.S. startup hub.
“Yello demonstrates why Chicago is a city where tech entrepreneurs can create and succeed” said Andrea Zopp, president and CEO of World Business Chicago. “Chicago's continues to foster an environment of innovation where homegrown tech companies can thrive.”
More than 110 of the Fortune 500 rely on Yello to power their recruitment programs. The platform is used in 70+ countries and in 15+ different languages.
Tech is Chicago’s fastest-growing industry sector, employing more than 143,000 working with more than 4,000 digital companies - one of the largest tech talent pools in the United States. Chicago’s also home state of Illinois is the second-largest producer of computer science degrees and the fourth-largest producer of MBA degrees in the United States.