Munich HR startup is rising to become a unicorn


Time recording, personnel files, job advertisements, payroll, performance, feedback: the Munich startup Personio wants to deliver the egg-laying woolly swine in the field of HR software and offer its customers from the SME sector everything from a single source that is needed to manage the workforce. This is also quite exciting for investors, who now value the company at $ 1.7 billion.

 The  financing round is led by existing investor Index Ventures, Meritech is participating for the first time as a co-lead investor, and existing investors Accel, Lightspeed Venture Partners, Northzone, Global Founders Capital and Picus are also pulling in the $ 125 million for the Series D. This also shows that the big rounds in Europe are mostly made in the USA.

With the fresh money, Personio naturally wants to drive growth. ©

 The re are plans to introduce a dedicated marketplace to connect tools such as Slack, Microsoft Teams and other HR-related software solutions to your own software. After the DACh region, Spain, Great Britain, the Nordics and Benelux, France and Italy are now also to be tackled. ©

 The  number of employees is also to be doubled from the current 500 to 1,000, not only in Munich, but also in offices in Madrid, London and Dublin.

Around 3,000 customers

Around 3,000 small and medium-sized businesses are currently customers of Personio. Depending on the size of the company, you pay a monthly amount of at least 800 euros. Depending on the range of functions, this subscription fee can rise to 3,000 euros per month and more.

In total, Personio has received $ 250 million in capital since it was founded. ©

 The  accelerated digitization in 2020 has helped the company, says Hanno Renner, co-founder and CEO of Personio. “This renewed funding round comes earlier than expected as we still have capital available from our Series C round in January 2020. ©

 The  great interest and trust of our investors not only shows the added value of our HR software for customers, but also illustrates Personio’s immense growth potential. ©

 The  market is huge and still undersupplied; I am convinced that we are still at the very beginning of our development. ”

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Munich startup rising unicorn


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