Personio, a Munich-based developer of an HR management and recruiting platform for SMEs and startups, raised $270 million in Series E funding on the heels of strong demand for its services and to help it fuel its next steps.
The round was led by Greenoaks Capital Partners, with new investors Altimeter Capital and Alkeon also participating. Index Ventures, Accel, Meritech, Lightspeed, Northzone, and Global Founders Capital all previous backers were also in the round.
With this Series E, Personio’s valuation is jumping up to $6.3 billion, making it one of the most valuable startups — HR or otherwise — in Europe at the moment.
Company: Personio GmbH
Raised: $270.0M
Round: Series E
Funding Month: October 2021
Lead Investors: Greenoaks Capital Partners
Additional Investors: Altimeter Capital, Alkeon, Index Ventures, Accel, Meritech, Lightspeed, Northzone, and Global Founders Capital
Company Website: https://www.personio.com/
Software Category: HR management and recruiting platform
About the Company: Personio is the all-in-one HR software for small and medium-sized companies. Based in Munich, Madrid, London, Dublin, and Amsterdam, Personio’s mission is to make HR processes as transparent and efficient as possible so HR can focus on what matters most: people and strategy. The Personio solution includes human resources, recruiting, and payroll and supports the core HR processes every business needs to do. Nearly 5,000 customers operating in over 80 countries use Personio.
Source: https://techcrunch.com/2021/10/11/personio-an-hr-platform-for-smes-raises-270m-on-a-6-3b-valuation-expands-into-workflow-automation/