Personio, the German HR platform for SMEs, raises $75M Series C at a $500M valuation

TechCrunch | 1/20/2020 | Staff
MysticHeartMysticHeart (Posted by) Level 3
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Personio, the Germany-founded HR platform for SMEs, has raised $75 million in Series C funding in a round led by Accel. I understand the investment values the company at around $500 million.

Also joining is Lightspeed Venture Partners, alongside Lars Dalgaard (the founder and former CEO of SuccessFactors). Existing investors Index Ventures, Northzone, Rocket Internet’s Global Founders Capital, and Picus Capital followed on.

Series - C - Personio - Funding - Capital

The Series C brings Personio’s total funding to $130 million since launching in 2015. The additional capital will help support the company’s expansion into the U.K. and Ireland, which is also being announced today. This will see Personio establish a new office in London to better serve clients in the U.K. and Ireland.

Combining human resources, recruiting and payroll into a single platform, Personio bills itself as a “HR operating system” for small and medium-sized companies (SMEs) ranging from 10 to 2,000 employees.

Software - Power - Company - People - Product

The cloud-based software is designed to power all of a company’s people processes via the product’s own...
(Excerpt) Read more at: TechCrunch
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