Cleveland software-as-a-service firm EmployStream raises $7 million

EmployStream, a Cleveland software-as-a-service startup that helps employers ease the onboarding process for new hires, announced it has closed a big round of Series B funding, for $7 million.

The funding round was led by Ann Arbor, Mich.-based Plymouth Growth Partners, with support from investors including JumpStart Inc. of Cleveland, Rev1 Ventures of Columbus, the Ohio Innovation Fund and North Coast Angel Fund in Beachwood. Specific terms of the funding round were not disclosed.

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Story excerpt provided by Crain’s Cleveland Business.

Written by Scott Suttell.

Originally published February 10, 2020.