Personio, a Munich, Germany-based Europe’s leading HR software company for small and mid-sized businesses, announced a planned second closing of its pre-emptive Series E round, adding $200 million to the initial financing raised in October 2021.
The new funding brings the total capital raised through its Series E to $470 million, valuing the company at $8.5 billion, making it one of the fastest-growing and most valuable software startups worldwide.
Existing investor Greenoaks led the round, demonstrating further support for Personio’s ambition to digitize people processes for small and mid-sized businesses across Europe.
The funds will turbocharge the development of People Workflow Automation, Personio’s vision to automate people processes across an organization’s multiple departments and tools.
Company: Personio GmbH
Round: 2nd Series E
Funding Month: June 2022
Lead Investors: Greenoaks
Company Website: https://www.personio.com/
Software Category: HR software
About the Company: Personio is the People Operating System for small and medium-sized companies with 10 to 2,000 employees. Based in Munich, Berlin, Madrid, Barcelona, London, Dublin, and Amsterdam, Personio’s mission is to make HR processes as transparent and efficient as possible so HR can focus on what matters most: people. Personio does that by offering an all-in-one HR software that includes human resources management, recruiting, and payroll, enabling HR to go beyond HR. Thanks to People Workflow Automation technology Personio helps more than 6,000 customers across Europe to remove delays and realize opportunities.