Personio, a startup that offers holistic human resources (HR) software-based solutions, has secured $125 million for its business in the latest fundraising round D, taking the company’s market valuation to $1.7 billion. The funding round was co-led by Index Ventures and Meritech and included previous Personio’s supporters Accel, Lightspeed Venture Partners, Northzone, Global Founders Capital, and Picus.
“We started Personio in 2016 wanting to become the leading HR platform for mid-market companies, and we knew it could be a great company, but we realize it can be hard to grasp what HR really means,” CEO Hanno Renner said. “But I think what has driven our business in the past year has been the realization that HR is not just an important part, but maybe the most important part, of any business. Supporting them by helping them to digitize in a more efficient way has been driving our business,” he added.
The Germany-based company offers comprehensive HR services, including recruiting and onboarding, payroll, absence monitoring, etc. The company’s solution targets small and medium-sized enterprises (SMEs).
Announcement: HR Platform Personio Raises $125M in Series D