Personio's Series E round is being led by new investor Greenoaks Capital Partners. Altimeter and Alkeon Capital are also investing in the Munich-based company for the first time. Previous investors Index Ventures, Accel, Meritech, Lightspeed, Northzone, and Global Founders Capital are also injecting fresh capital into the HR startup. The Munich-based company closed its first round of funding earlier this year. Series D round with 104 million eurosThis brings Personio's funding to nearly half a billion euros. The company plans to use the additional funding to further develop its HR software.
“Personio democratizes technology”
Hanno Renner, Co-founder and CEO of Personio, says:
"The new investment underscores Personio's continued rapid growth and immense market potential, but also the belief in our vision for the future of HR tech. While I consider this financing round an important milestone, we are still at the very beginning of our journey. In the future, we want to help HR teams with People Workflow Automation to operate across departmental boundaries. The introduction of this new software category is an important step on this path and helps our customers focus even more effectively on the greatest driver of success for every company – their employees. We look forward to seeing European SMEs continue to grow with the help of our new technology."
Neil Mehta, founder and managing partner of new investor Greenoaks, says:
"Although small and medium-sized enterprises are the backbone of the European economy, they have been neglected and overlooked by established providers for too long. Personio democratizes technology previously reserved for large enterprises and makes SMEs more productive by simplifying HR workflows across the entire employee lifecycle."
