Cleveland tech company EmployStream raises $3.5 million

EmployStream, a Cleveland company that helps employers ease the onboarding process for new hires, announced it has closed a $3.5 million Series A funding round led by entrepreneurial support organization JumpStart Inc.

The Ohio Innovation Fund, the North Coast Angel Fund and Rev1 Ventures in Columbus, as well as other investors, participated in the funding round, specific terms of which were not disclosed. Jill Raderstorf, a partner at the Ohio Innovation Fund, also will join the EmployStream board of directors.

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Story excerpt provided by Crain’s Cleveland Business.

Written by Scott Suttell.

Originally published March 27, 2019.

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