Personio, the German HR and recruiting platform, has raised $40 million in a Series B funding. Leading the round is London-based Index Ventures, with participation from existing investors Northzone and Rocket Internet’s Global Founders. Founded in 2015, Munich-based Personio has set out to bu…
Personio, the German HR and recruiting platform, has raised $40 million in a Series B funding. Leading the round is London-based Index Ventures, with participation from existing investors Northzone and Rocket Internet’s Global Founders.
Founded in 2015, Munich-based Personio has set out to build a “HR operating system” for small and medium-sized companies (SMEs) ranging from 10 and 2,000 employees. The cloud-based software is designed to power all of a company’s HR and recruiting processes, either via the product’s own core functionality or through its ability to integrate with third-party software.
“We believe in the benefit of a holistic HR solution that covers the entire employee life-cycle, while its functionalities need to adapt to individual customer requirements and processes,” Personio co-founder and CEO Hanno Renner tells me.
“That being said, we distinguish between the bread-and-butter HR activities which every company needs to do (e.
