Total amount raised
$724.3 Millions
Latest funding date
Location
Title
Personio has successfully raised significant funding through multiple rounds, including a Series E. The platform offers comprehensive HR solutions designed to streamline and automate various HR processes for businesses.
Keep reading to explore the intricacies of Personio's fundraising journey and the investors backing this innovative platform.
What Is Personio?
Personio, founded in 2015, is headquartered in München, Bayern, Germany. The company was established by Arseniy Vershinin, Hanno Renner, Ignaz Forstmeier, Jonas Rieke, and Roman Schumacher.
Personio offers an all-in-one HR software solution aimed at upgrading people operations for small and medium-sized companies. Their platform includes human resources management, recruiting, talent management, and payroll, making HR processes efficient and effective.
With a workforce of 1001-5000 employees, Personio continues to innovate in the HR tech space, providing tools that allow HR departments to focus more on people rather than administrative tasks.
How Much Funding Has Personio Raised?
- Seed Round
- Amount Raised: €2.1M
- Date: July 2016
- Lead Investors: Global Founders Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their HR software and establish a market presence.
- Series A
- Amount Raised: $12M
- Date: August 2017
- Lead Investors: Northzone
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product offerings and scale operations.
- Series B
- Amount Raised: $40M
- Date: January 2019
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance their HR platform.
- Series C
- Amount Raised: $75M
- Date: January 2020
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and improve product features.
- Series D
- Amount Raised: $125M
- Date: January 2021
- Lead Investors: Index Ventures, Meritech Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and further product development.
- Series E (First Tranche)
- Amount Raised: $270M
- Date: October 2021
- Lead Investors: Greenoaks
- Valuation at Round: $6.3 billion
- Motivation Behind the Round: To enhance their People Workflow Automation system and continue growth.
- Series E (Second Tranche)
- Amount Raised: $200M
- Date: June 2022
- Lead Investors: Greenoaks
- Valuation at Round: $8.5 billion
- Motivation Behind the Round: To expand their customer base and introduce new tools.
Total Amount Raised: $722.1M
Current Valuation: $8.5 billion
Key Investors
- Greenoaks Capital Partners
- Details: Greenoaks Capital Partners is a San Francisco-based global investment firm. They focus on high-growth technology companies with sustainable business models.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Coupang, Robinhood, Stripe.
- Index Ventures
- Details: Index Ventures is a global venture capital firm that invests in technology and life sciences companies. They have a strong track record of backing innovative startups.
- Investment Focus Areas: Technology, life sciences.
- Notable Investments: Dropbox, Slack, Robinhood.
- Accel
- Details: Accel is a venture capital firm that invests in early and growth-stage technology companies. They have been instrumental in the growth of several tech giants.
- Investment Focus Areas: Early-stage technology, growth-stage technology.
- Notable Investments: Facebook, Spotify, Dropbox.
- Altimeter Capital
- Details: Altimeter Capital is a technology-focused investment firm. They invest in both private and public markets, with a focus on transformative companies.
- Investment Focus Areas: Technology, internet, software, life sciences.
- Notable Investments: Snowflake, Roblox, Unity Technologies.
- Alkeon Capital
- Details: Alkeon Capital is a global investment firm that focuses on technology and growth companies. They invest in both public and private markets.
- Investment Focus Areas: Technology, media, telecommunications, consumer sectors.
- Notable Investments: Spotify, Pinterest, Stripe.
What's Next for Personio?
Personio's future is brimming with opportunities, particularly in expanding its People Workflow Automation system and enhancing its product offerings. With a valuation of $8.5 billion and a robust customer base of 6,000 companies, the potential for growth is substantial. The recent $200 million funding round will enable Personio to invest in new tools and acquisitions, such as the recent purchase of Back, to further streamline HR processes for small and medium-sized businesses.
As Personio continues to scale, future fundraising opportunities are likely, especially as the demand for HR software grows. The company may also consider an IPO around 2024 or 2025, leveraging its strong market position. However, challenges such as integrating new acquisitions, maintaining rapid growth, and staying competitive in the HR tech space could pose hurdles. Navigating these challenges will be crucial for Personio to sustain its momentum and achieve long-term success.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Personio and gather other critical business insights.
Sign up for free on Clay and start transforming your sales strategy today.
