HiBob, a New York and Tel Aviv, Israel-based company behind Bob, the HR platform transforming how organizations operate in the modern world of work, announced that it raised $150 million in Series D funding, just ten months after raising a $150 million Series C in October 2021.
This round was led by General Atlantic (GA) and Bessemer Venture Partners (BVP), with participation from existing investors, and came as an investment opportunity to double down in a huge market that continues to grow.
HiBob's Series D round takes the company's valuation to $2.45 billion and total funding to $424 million and will use the additional capital to drive global expansion and innovation around the Bob offers.
Company: Hi Bob, Inc.
Round: Series D
Funding Month: Aug 2022
Lead Investors: General Atlantic and Bessemer Venture Partners
Company Website: https://www.hibob.com/
Software Category: HR platform
About the Company: Founded in 2015 by Ronni Zehavi and Israel David to modernize HR tech, Hibob's intuitive and data-driven platform, bob, was built for the way people work today: globally, remotely, and collaboratively. HiBob is on a mission to transform how organizations operate in the modern world of work with its HR platform 'Bob'. Leading the way for the future workplace, Bob offers resilient, agile technology that wraps all the complexities of HR processes into a game-changing, user-friendly tool that touches every employee across the business. Fast-growing companies across the globe such as Monzo, Happy Socks, Gong, Fiverr, and VaynerMedia rely upon bob to help HR and managers connect, engage, develop and retain top talent. Hibob's team now has a total headcount of 650 and over 2,500 customers in less than a year. Hibob has opened a Berlin office to serve the DACH region, has successfully expanded into new office spaces in London and New York, and has plans to further expand its reach in the US and Europe before the end of the year.