Munich based start-up Personio raises USD 125 Million

Personio, a Munich, Germany based HR start-up secures USD 125 million in series D funding round. The capital valuation is a big boost to the association which would be benefiting them to develop and upgrade the quality of the products. Presently Personio amounts to a total 3000 SMEs in Europe as customers.

Investors: The money was secured by investors led by Index Ventures and Meritech, followed by previous backers’ North zone, Lightspeed Venture Partners, Global Founders Capital and Picus. The funding was completed in series D round.

What the funding is for: The funds would be primarily utilised for further expansion and acceleration in the field of international expansion. Alongside the international expansion the system will be leveraging the capital to widen its footprints across Europe. Also, they aim to develop and furnish its cloud-based application by deepening the device’s core abilities to supervise and cover more processes.

Founders: Hano Renner, Roman Schumacher, Ignaz Forstmeier, Arseniy Vershinin

Legal name of the company: Personio GmbH

Primary objective of the company: Personio deals with some of the more tedious parts of the HR management, it basically aims to provide the cloud software management to its clients and provide them with the technology to observe and manage their database more effectively.

Founded date: May 14, 2015

About the company: Personio is a publicly held organization which comes under the information technology and services sector, consisting of a work strength of 501-1000 employees. Its headquarters is located in Munich, Bayern. Personio offers a cloud-based HR management, recruiting solutions and software for small, mid-sized associations and start-ups. The company provides its customers with the facilities to manage and store all employee data and HR processes which includes sick days, attendance, salary and vacation and much more. They deal with various specialties like employee management, applicant tracking system, HR reporting and payroll. What the CEO has to say: “While the past year has proven difficulty for many businesses and industries, it has at the same time accelerated the digitization of many small and mid-sized businesses. It has also showcased the important role of HR, especially while so many of us continue to work remotely. We are grateful for a strong year in which we could serve more than 3000 European SMEs. By further expanding our platform, we will continue to support our customers in tackling their current challenges and beyond”. Said Hano Renner, CEO of Personio.

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