{"id":76530,"date":"2021-10-14T13:11:00","date_gmt":"2021-10-14T11:11:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=76530"},"modified":"2021-10-14T11:54:39","modified_gmt":"2021-10-14T09:54:39","slug":"personio-receives-another-233-million-euros","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/76530\/personio-receives-another-233-million-euros\/","title":{"rendered":"Personio receives another 233 million euros"},"content":{"rendered":"
\n

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 euros<\/a>This brings Personio's funding to nearly half a billion euros. The company plans to use the additional funding to further develop its HR software.<\/p>\n\n\n\n

\u201cPersonio democratizes technology\u201d<\/h2>\n\n\n\n

Hanno Renner<\/strong>, Co-founder and CEO of Personio, says:<\/p>\n\n\n\n

"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<\/a> 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 \u2013 their employees. We look forward to seeing European SMEs continue to grow with the help of our new technology."<\/p><\/blockquote>\n\n\n\n

Neil Mehta<\/strong>, founder and managing partner of new investor Greenoaks, says:<\/p>\n\n\n\n

"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."<\/p><\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"

Personio has received \u20ac233 million ($270 million) from existing and new investors as part of its Series E round. This valued the Munich-based company at \u20ac5.4 billion ($6.3 billion), making it Germany's second-most valuable startup after Celonis.<\/p>","protected":false},"author":26,"featured_media":56527,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[52,1847],"acf":[],"yoast_head":"\nPersonio erh\u00e4lt weitere 233 Millionen Euro - Munich Startup<\/title>\n<meta name=\"description\" content=\"Personio erh\u00e4lt im Rahmen seiner Series-E-Runde 233 Millionen Euro (270 Millionen Dollar) von alten und neuen Investoren.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/76530\/personio-receives-another-233-million-euros\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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