Personio Raises $270M to Extend HR Platform
Personio has raised a pre-emptive Series E funding of $270 million, valuing the company at $6.3 billion. The Series E funding adds to Personio’s last funding round in January 2021, bringing the total capital raised to over $500M. The latest funding round was led by Greenoaks Capital Partners, with participation from Altimeter Capital and Alkeon.
Hanno Renner, Co-founder and CEO Personio, said: “This investment highlights the continued fast growth of the business and the immense market potential, but also the belief in our vision for the future of HR tech. While I consider this funding a major milestone, we are still at the very beginning of our journey. Now we want to help HR teams go beyond HR. Launching the People Workflow Automation category is a big step forward along this path, serving the most important asset of any business, its people. We are excited to see Europe’s SMEs thrive as they make use of this technology.”
The investment allows Personio to evolve its product to lead the People Workflow Automation category and continue to execute its long-term oriented strategy, focused on the needs of its customers.
Announcement: Personio Raises $270M to Extend HR Platform