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Sumeru Equity Partners injects $56M into Criteria Corp.

Sumeru Equity Partners LP provided $56 million in growth capital to Criteria Corp.

The strategic investment marks the second for the firm's Sumeru Equity Partners Fund III LP.

Criteria is a West Hollywood, Calif.-based software-as-a-service-based employment analytics platform.

Sumeru Managing Directors Jason Babcoke and John Brennan and Vice President Kevin Cheng will join Critieria's board.

Paul Hastings LLP was legal adviser to Sumeru, a middle-market investor targeting software, technology-enabled services and hardware companies.