Hibob Raises $150M to Extend HR Platform
Hibob announced they have raised $150 million in Series C funding. This round was led by General Atlantic, with participation from existing investors, including Bessemer Venture Partners, Battery Ventures, Eight Roads, Perpetual Investors, Entrée Capital, and Israel Growth Partners.
“We are targeting a massive market that is worth tens of billions of dollars, and Hibob is just beginning its mission to penetrate this opportunity,” said Ronni Zehavi, co-founder and CEO of Hibob. “Our vision is that the ‘bob’ platform will be the last HRIS suite that mid-sized companies will ever need to purchase, and as we continue to listen to our customers, we aim to grow our solutions with them and help propel their businesses forward. With this recent funding, Hibob’s plan is to invest significantly in building tools to fit organizations’ evolving needs and acquire great technologies to complement our offerings, while also expanding our global presence to reach more companies and their dispersed teams worldwide.”
Modern companies need technology to not only support the administration side of their HR processes, but also to cultivate positive cultures for all people, whether dispersed, fully remote, or hybrid. This is exactly the value proposition that Hibob offers
This new funding will be used to drive continued global expansion and develop innovative work tech modules that are designed to support customers’ growth.
Announcement: Hibob Raises $150M to Extend HR Platform